📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • âś–

      Question

      Right to foreclosure and sale can be

      exercised:
      A When the mortgage-money has become due. Correct Answer Incorrect Answer
      B When mortgage-money has become due and before decree for redemption has been passed. Correct Answer Incorrect Answer
      C When mortgage-money has become due and before suit for redemption has been filed. Correct Answer Incorrect Answer
      D B and before mortgage- money has been paid or deposited. Correct Answer Incorrect Answer

      Solution

      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.

      Practice Next

      Relevant for Exams:

      ask-question