Question

Mortgage by deposit of title deeds is a type of mortgage

Q: Answer-Mortgage by deposit of title deeds is a type of mortgage in which :

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

in which :

A Title deeds are deposited

B Clear title-Property is mortgaged.

C Property is mortgaged with original documents of owner also in custody of mortgagee.

D Title deeds are deposited along-with possession of property.

E None of the above.

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Mortgage by deposit of title deeds is a type of mortgage

Solution