Question
Marshalling is
___.Solution
Transfer of Property Act S.56. Marshalling by subsequent purchaser .—If the owner of two or more properties mortgages them to one person and then sells one or more of the properties to another person, the buyer is, in the absence of a contract to the contrary, entitled to have the mortgage-debt satisfied out of the property or properties not sold to him, so far as the same will extend, but not so as to prejudice the rights of the mortgagee or persons claiming under him or any other person who has for consideration acquired an interest in any of the properties. S 81. Marshalling securities .—If the owner of two or more properties mortgages them to one person and then mortgages one or more of the properties to another person, the subsequent mortgagee is, in the absence of a contract to the contrary, entitled to have the prior mortgagedebt satisfied out of the property or properties not mortgaged to him, so far as the same will extend, but not so as to prejudice the rights of the prior mortgagee or of any other person who has for consideration acquired an interest in any of the properties.
Vikas Gowda is related toÂ
Which of the following is NOT a pillar of the Digital Agriculture Mission under the Cabinet-approved schemes for farmers’ livelihoods?
This year in 2017 two countries have been granted full membership of Sanghai Cooperation Organization (SCO). One is India, another is
Which is the largest continental shelf?
The Global Innovation Index (GII) ranks countries based on their innovation performance. Which of the following indicators does NOT contribute to the GI...
On the banks of which river is the Chennakeshava Temple, commissioned by King Vishnuvardhana, located?
The assets of SBI has increased to _______ after the merger of SBI with its associates banks
Which film won the Best Film award at the 2024 IIFA Awards?
If HORSE = IQUWJ, then TIGER = ?Â
Lt. General _____took charge as the Chief of Army Staff on 31 December 2019.