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      Question

      What is the limitation period for a mortgagor to redeem

      or recover possession of immovable property mortgaged?
      A 15 years from the date possession is transferred Correct Answer Incorrect Answer
      B 20 years from the date the mortgage is created Correct Answer Incorrect Answer
      C 30 years from when the right to redeem or recover possession accrues Correct Answer Incorrect Answer
      D 10 years from the date the mortgage deed is registered Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Article 61 By a mortgagor— (a) to redeem or recover possession of immovable property mortgaged; Thirty years. When the right to redeem or to recover possession accrues.

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