📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Where immoveable property of one person is by act of

      parties or operation of law made security for the payment of money to another, and the transaction does not amount to a mortgage, it is?
      A Charge Correct Answer Incorrect Answer
      B Lease Correct Answer Incorrect Answer
      C Anomalous Mortgage Correct Answer Incorrect Answer
      D Hypothecation Correct Answer Incorrect Answer
      E Pledge Correct Answer Incorrect Answer

      Solution

      As per s. 100 of TP Act, 1882-100. Charges.—Where immoveable property of one person is by act of parties or operation of law   made security for the payment of money to another, and the transaction does not amount to a mortgage,   the latter person is said to have a charge on the property; and all the provisions hereinbefore contained [which apply to a simple mortgage shall, so far as may be, apply to such charge].

      Practice Next
      More Other Laws and Acts Questions
      ask-question