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:Solution
Transfer of Property Act S. 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].
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