Question
The mortgagor ostensibly sells the mortgaged property
in-Solution
Transfer of Property Act Section 58. “Mortgage”, “mortgagor”, “mortgagee”, “mortgage-money” and “mortgage-deed” Defined (c) Mortgage by conditional sale.— Where the mortgagor ostensibly sells the mortgaged property— on condition that on default of payment of the mortgage-money on a certain date the sale shall become absolute, or on condition that on such payment being made the sale shall become void, or on condition that on such payment being made the buyer shall transfer the property to the seller, the transaction is called a mortgage by conditional sale and the mortgagee a mortgagee by conditional sale: [Provided that no such transaction shall be deemed to be a mortgage, unless the condition is embodied in the document which effects or purports to effect the sale.
The International Conference on Glaciers’ Preservation 2025 was held in which country?
When is National Tribal Festival celebrated?
Which of the following countries have become a full time member of SCO (Shanghai Cooperation Organization)?
Which country has recently unveiled a new visa policy to attract foreign investors?
Which of the following is NOT a writ issued by the Supreme Court of India?
According to the Health Ministry’s campaign, which city’s AIIMS was selected for the pilot nutrition awareness project?
Consider the following;
I.All India Survey on Higher Education (AISHE) 2020-2021 is prepared by the Department of School Education and literacy (...
Which fabric is made from purified cellulose derived from wood pulp?
World Health Organization (WHO) recently recommended a new vaccine, R21/Matrix-M, for the prevention of which diesease in children?
How many Advance Pricing Agreements (APAs) did the Central Board of Direct Taxes (CBDT) sign in FY 2023-24?
Relevant for Exams:
