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    Question

    What happens in a Mortgage by Conditional Sale under

    Section 58(c) of the Transfer of Property Act? 
    A The mortgagor sells the property but reserves the right of reconveyance on repayment of debt Correct Answer Incorrect Answer
    B The mortgagee takes possession without deed Correct Answer Incorrect Answer
    C The mortgagee gains ownership outright Correct Answer Incorrect Answer
    D The mortgage cannot be enforced Correct Answer Incorrect Answer
    E The mortgage is invalid unless registered Correct Answer Incorrect Answer

    Solution

    Mortgage by conditional sale occurs when the mortgagor transfers ownership conditionally, with the right to reconvey the property upon repayment of the loan, effectively a mortgage disguised as sale.

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