Q344
A' in lieu of debt from 'B' handovers the possession of his house to 'B' with a covenant to transfer of property in favour of 'B', but with provision for retransfer in case of repayment of debt. This type of mortgage is known as:
A.
Equitable mortgage
B.
English mortgage
AnswerC.
Usufructuary mortgage
D.
Mortgage by conditional sale
Answer: Option B
Solution
Answer: Option B
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