Q659
Which of the following statements hold true regarding receiver under the provisions of the Transfer of Property Act, 1882?
A.
A person paying money to the receiver must make sure that the appointment of receiver is valid
B.
The receiver can use the insurance money received, subject to other provisions of the Transfer of Property Act, 1882, for the payment of interest falling due under the mortgage, if so directed in writing by the mortgagee
C.
The receiver can use the insurance money received, subject to other provisions of the Transfer of Property Act, 1882, for the payment of principle money, if so directed in writing by the mortgagee
AnswerD.
None of these
Answer: Option C
Solution
Answer: Option C
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