Which out of the following is not a kind of mortgage?
"Subrogation" under Section 92 of the Transfer of Property Act is a doctrine, not a kind of mortgage, whereas a "Mortgage by conditional sale", a "Usufructuary mortgage" and…
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Which out of the following is not a kind of mortgage?
Answer and explanation
Correct answer D
"Subrogation" under Section 92 of the Transfer of Property Act is a doctrine, not a kind of mortgage, whereas a "Mortgage by conditional sale", a "Usufructuary mortgage" and an "English mortgage" are kinds recognised in Section 58.
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