New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    When a person delivers to an agent of a creditor

    documents of title of an immovable property with intent to create a security, the transaction is known as ______
    A Charge Correct Answer Incorrect Answer
    B Not a mortgage Correct Answer Incorrect Answer
    C Anomalous mortgage Correct Answer Incorrect Answer
    D Mortgage by deposit of title deeds Correct Answer Incorrect Answer

    Solution

    As per section 58(f) of the TP Act, 1882 which discusses mortgage by deposition of title deeds.

    Practice Next