Which section of the Transfer of Property Act deals with the doctrine of substituted security?
Section 73 preserves the mortgagee’s claim against the surplus sale proceeds or compensation replacing the property after the specified revenue sale or compulsory…
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Which section of the Transfer of Property Act deals with the doctrine of substituted security?
Answer and explanation
Correct answer D
Section 73 preserves the mortgagee’s claim against the surplus sale proceeds or compensation replacing the property after the specified revenue sale or compulsory acquisition. This is the substituted-security principle. Sections 70–71 instead concern accession and renewed leases, and section 68 the personal money remedy.
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