Q330
Which one of the following is not an essential element of a Mortgage as defined under Section 58(a) of Transfer of Property Act?
A.
There must be transfer of interest
B.
There must be promise to transfer of interest
AnswerC.
The interest must be of some specific immovable property
D.
The purpose of transfer must be to ensure payment of a debt
Answer: Option B
Solution
Answer: Option B
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