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A mortgage is a way to use one's real property, like land, a house, or a building, as a guarantee for a loan. In case of Housing Loan, mortgage is created on the house which is kept as a collateral security for the loan provided. Personal loans are unsecured loans. In Vehicle loan the vehicle is hypothecated as security. Similarly in Trade loans the good under the trade are hypothecated. In case of Consumer loans also the assets financed are hypothecated to the lender. Movable assets as in case of Vehicle loan, Trade Loan and Consumer loan are hypothecated while immovable assets (real estate) are mortgaged.
Section 6 of Transfer of Property Act is related to:
The Court may presume that a document which is _____ old is genuine.
The Board shall, at the requisition made by, in the case of a company having a share capital, such number of members who hold, on the date of the recei...
SSC in the legal field stands for?
Which section of the Companies Act, 2013 deals with the penalty for violation of any section or rules for which no specific penalty is defined?
In whose favour is the Doctrine of Indoor Management?
According to the Depository Act any loss caused to the beneficial owner due to the negligence of the depository or the participant, _____________________
Consent is said to be free when it is not caused by________________
The Magistrate or Judge of the Designated Court shall not authorise seizure of books, registers, other documents and record, of_____________
Under the Indian Contract Act, which of the following statements correctly describes when the consideration or object of an agreement is considered unla...
