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      Question

      A mortgagee in possession has the right to

      ____________________-
      A Spend money for preservation of property. Correct Answer Incorrect Answer
      B Spend money to support mortgagorтАЩs title to the property Correct Answer Incorrect Answer
      C Spend money to make his own title good against the mortgagor Correct Answer Incorrect Answer
      D All a, b & c. Correct Answer Incorrect Answer

      Solution

      Transfer of Property Act Section 72. Rights of mortgagee in possessionтАФA mortgagee may spend such money as is necessaryтАФ (b) for the preservation of the mortgaged property from destruction, forfeiture or sale; (c) for supporting the mortgagor's title to the property; (d) for making his own title thereto good against the mortgagor; and (e) when the mortgaged property is a renewable lease-hold, for the renewal of the lease.

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