Which provision of the Transfer of Property Act, 1882 defines an anomalous mortgage?
An anomalous mortgage under section 58(g) is a mortgage that falls outside the categories of simple mortgage, mortgage by conditional sale, usufructuary mortgage, English…
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Which provision of the Transfer of Property Act, 1882 defines an anomalous mortgage?
Answer and explanation
Correct answer C
An anomalous mortgage under section 58(g) is a mortgage that falls outside the categories of simple mortgage, mortgage by conditional sale, usufructuary mortgage, English mortgage and mortgage by deposit of title deeds.
Option feedback
Option A
Section 58(f) covers a mortgage by deposit of title deeds.
Option B
Section 58(d) defines a usufructuary mortgage.
Option C
Section 58(g) defines an anomalous mortgage by excluding the five named kinds of mortgage.
Option D
Section 58(b) defines a simple mortgage.
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