Question
Right to foreclosure and sale can be
exercised__________________Solution
Transfer of Property Act Section 67. Right to foreclosure or sale: In the absence of a contract to the contrary, the mortgagee has, at any time after the mortgage-money has become [due] to him, and before a decree has been made for the redemption of the mortgaged property, or the mortgage-money has been paid or deposited as hereinafter provided, a right to obtain from the Court [a decree] that the mortgagor shall be absolutely debarred of his right to redeem the property, or [a decree] that the property be sold.
Reciprocal promises provide for doing certain things which are legal & certain others which are illegal, under section 57Â
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Statement 1: T...
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