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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 only if registered 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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