Vidyalelo
Law · Q806

Transfer Of Property Act

Graduate and Post Graduate · Law · question 806

Q806

A takes a loan of Rs. 5,000 from Band mortgages his house as security. In the mortgage deed, it was also mentioned that if he could not pay the amount within 5 years, then B will have right to sell the house and recover his amount. If the money could not be recovered from sale of house, then A will be personally liable. It is

A.
Mortgage by conditional sale
B.
English mortgage
C.
Usufructuary mortgage
D.
Simple mortgage
Answer

Answer: Option D

Solution

Answer: Option D
No explanation is given for this question Let's Discuss on Board