Q239
What do you understand by the term ‘Mortgage’?
A.
Registration of charge with the Registrar of Companies
B.
Making the security of immovable property available as a cover for a home loan by the borrower.
AnswerC.
Sale of moveable security in the event of default by the borrower
D.
Registration of charge with the Regional Transport Authority
Answer: Option B
Solution
Answer: Option B
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