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      Question

      Which of the following is true of a Simple Mortgage

      under Section 58(b) of the Transfer of Property Act? 
      A The mortgagor transfers ownership but remains in possession Correct Answer Incorrect Answer
      B The mortgagee gets absolute possession immediately Correct Answer Incorrect Answer
      C The mortgagor binds himself to repay the mortgage money without delivering possession Correct Answer Incorrect Answer
      D The mortgagee gets the right to sell the property without court intervention Correct Answer Incorrect Answer
      E The mortgage is valid even if unregistered Correct Answer Incorrect Answer

      Solution

      In a simple mortgage, the mortgagor binds oneself personally and the property acts as security. The mortgagor does not deliver possession to the mortgagee, unlike other types of mortgages.

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