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Law · Q121

Transfer Of Property Act

Graduate and Post Graduate · Law · question 121

Q121

The mortgage, "where the mortgagor binds himself to repay the mortgagemoney on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will re-transfer it to the mortgagor upon payment of the mortgage-money as agreed", is called:

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

Answer: Option B

Solution

Answer: Option B
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