Question
According to the principle of marshalling by a
subsequent purchaser, if an owner mortgages two or more properties to one person and later sells one or more of those properties to another person, the subsequent purchaser___________-Solution
Transfer of Property Act: Section 56. Marshalling by subsequent purchaser—If the owner of two or more properties mortgages them to one person and then sells one or more of the properties to another person, the buyer is, in the absence of a contract to the contrary, entitled to have the mortgage -debt satisfied out of the property or properties not sold to him, so far as the same will extend, but not so as to prejudice the rights of the mortgagee or persons claiming under him or any other person who has for consideration acquired an interest in any of the properties.
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