๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Mortgage by deposit of title deeds is a type of mortgage

      in which :
      A Title deeds are deposited Correct Answer Incorrect Answer
      B Clear title-Property is mortgaged. Correct Answer Incorrect Answer
      C Property is mortgaged with original documents of owner also in custody of mortgagee. Correct Answer Incorrect Answer
      D Title deeds are deposited along-with possession of property. Correct Answer Incorrect Answer
      E None of the above. Correct Answer Incorrect Answer

      Solution

      As per s.58 (f), T. P. Act, which provides that it may be effected in certain towns (including Calcutta) by a person โ€œdelivering to his creditor or his agent documents of title to immovable property with intent to create a security thereon.โ€

      Practice Next
      More Banking Related Laws Questions
      ask-question