Question

What is the limitation period for enforcing payment of money secured by a mortgage?

A Five years Correct Answer Incorrect Answer
B Seven years Correct Answer Incorrect Answer
C Ten years Correct Answer Incorrect Answer
D Twelve years Correct Answer Incorrect Answer
E Fifteen years Correct Answer Incorrect Answer

Solution

Limitation Act Part V—Suits Relating To Immovable Property: Article 62” To enforce payment of money secured by a mortgage or otherwise charged upon immovable property the period of limitation is twelve years from the time when the money sued for becomes due.

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