Question

    Who has the right to accession when it is acquired

    during the property is in possession of mortgagee?
    A Mortgagor. Correct Answer Incorrect Answer
    B Mortgagee Correct Answer Incorrect Answer
    C Mortgagor during redemption acquires it. Correct Answer Incorrect Answer
    D Depends on the contract between both parties Correct Answer Incorrect Answer
    E C or D. Correct Answer Incorrect Answer

    Solution

    As per s.63 of the TP Act, 1882. S. 63. Accession to mortgaged property.—Where mortgaged property in possession of the mortgagee has, during the continuance of the mortgage, received any accession, the mort- gagor, upon redemption, shall, in the absence of a contract to the contrary, be entitled as  against the mortgagee to such accession.

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