Which section of the Transfer of Property Act, 1882, defines a mortgage?
Question and options
Which section of the Transfer of Property Act, 1882, defines a mortgage?
Section 57
Section 58
Section 59
Section 60
Answer and explanation
Correct answer: B - Section 58
Section 58(a) defines a mortgage as a transfer of an interest in specific immovable property to secure a loan, a debt or performance of an engagement that may give rise to a pecuniary liability.
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