Transfer Of Property Act - Study Mode

[#191] Within the meaning of the provisions of section 61 of the Transfer of Property Act, 1882, a mortgagor who has executed two or more mortgages in favour of the same mortgagee, and when the principal money of any two or more of the mortgages has become due:
Correct Answer

(B) Shall be entitled to redeem anyone such mortgage separately or any two or more of such mortgagee together

[#192] These are some requisites of an equitable mortgage: (1) a debt (2) a deposit of title deeds (3) an intention that the deeds shall be security for the debt
Correct Answer

(D) All are relevant requisites

[#193] Which of the following is not an actionable claim?
Correct Answer

(B) Beneficial interest in movable property which is in possession of claimant

[#194] Section 81 of the Transfer of Property Act, 1882 contains provisions relating to-
Correct Answer

(A) Marshalling, securities

[#195] These are some characteristics of a usufructuary mortgage under section 58 of the Transfer of Property Act, 1882 (1) There is no personal liability on the mortgagor. (2) No time limit is fixed. (3) Mortgagee takes the whole or part of the rent and profits.
Correct Answer

(D) All are relevant