Transfer Of Property Act - Study Mode
[#401] Assertion (A): Where immovable property of one person is by an act of parties made security for payment of money to another and the transaction does not amount to Mortgage, the later person is said to have a charge on the property. Reason (R): Any contract in respect of immovable property, of itself, creates a charge on such property.
Correct Answer
(C) (A) is true but (R) is false
[#402] In which of the following cases has Supreme Court held that 'Right of redemption of mortgagor' stands extinguished, when sale of mortgaged property is effectuated in court auction?
Correct Answer
(A) Embassy Hotel (P) Ltd. v. Gajaraj & Co.
[#403] "Such condition shall be void which is dependent on more than one possibility." This principle was recognized later in
Correct Answer
(A) The principle in Whitby v. Mitchell
[#404] A gives a field to B, reserving to himself, with B's assent, the right to take back the field in case B and his descendants die before A. B dies without descendants in A's life time. Can 'A' take back the field?
Correct Answer
(A) Yes
[#405] Provision based on doctrine of acceleration under the Transfer of Property Act, 1882 is
Correct Answer
(C) Section 27