New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Mortgagor shall__________ to accessions to mortgaged

    property
    A not be entitled Correct Answer Incorrect Answer
    B be entitled on redemption Correct Answer Incorrect Answer
    C be enitled (in absence of contract to the contrary) Correct Answer Incorrect Answer
    D not be entitled even after redemption. Correct Answer Incorrect Answer

    Solution

    As per Transfer of Property 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 mortgagor, 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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