Question

With reference to the Transfer of Property Act, 1882. Where the mortgagor binds himself to repay the mortgage money on a certain date and transfer the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will transfer it to the mortgagor upon payment of mortgage money as agreed." This type of mortgage is called as _________.

A Equitable mortgage
B English Mortgage
C Mortgage by conditional sale
D Simple mortgage
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