Question
Redemption is a right
of?Solution
Transfer of Property Act S. 91. Persons who may sue for redemption .—Besides the mortgagor, any of the following persons may redeem, or institute a suit for redemption of, the mortgaged property, namely:— (a) any person (other than the mortgagee of the interest sought to be redeemed) who has any interest in, or charge upon, the property mortgaged or in or upon the right to redeem the same; (b) any surety for the payment of the mortgage-debt or any part thereof; or (c) any creditor of the mortgagor who has in a suit for the administration of his estate obtained a decree for sale of the mortgaged property.
The cost price of a refrigerator and a washing machine is Rs. 50,000 and Rs. 90,000, respectively. The shopkeeper sold the washing machine and the refri...
Article ‘P’, if sold at a profit of 40% earns a profit of Rs. 400. If article ‘P’ is marked 40% above its cost price and then sold after offerin...
A product is priced 80% higher than its cost price and then sold for Rs. 1,224 after applying two consecutive discounts of 20% and 15%. What is the diff...
The cost price of article A and B is Rs. ‘X’ and Rs. (X + 550), respectively. Article A is sold at 20% profit while article B is sold at 10%...
Two varieties of rice are mixed together – type 'P' costing Rs. 60/kg and type 'Q' costing Rs. 100/kg. The mixture is then sold for Rs. 126/kg, yieldi...
The marked price of an article is Rs. 'x' more than its selling price. If the selling price of the article had been Rs. (x - 30) ...
- A businessman sold a commodity for Rs. 4,250 and gained a profit of 25%. Find the new selling price if he decides to earn only 15% profit.
A shopkeeper first allows a discount of 20% on a certain variety of cloth and then further gives a discount if 15% to the persons holding a shareholder...
- The cost price of two items, M and N, is Rs. 500 and Rs. 700, respectively. If M is sold at a 15% profit and N at a 12% loss, find the net profit or loss.
‘A’ sold an article for Rs. 2400 and earned a profit that is 1/3rd greater than the loss he would have incurred if he had sold it for Rs. 300. Dete...
Relevant for Exams:
