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    Question

    Under Section 100 of the Transfer of Property Act, 1882,

    mortgage by deposit of title deeds creates:
    A Equitable mortgage without written document Correct Answer Incorrect Answer
    B Registered mortgage requiring stamp duty Correct Answer Incorrect Answer
    C Simple money transaction Correct Answer Incorrect Answer
    D Conditional sale Correct Answer Incorrect Answer
    E Usufructuary mortgage Correct Answer Incorrect Answer

    Solution

    Section 100 of the Transfer of Property Act, 1882 recognizes equitable mortgage where immovable property owner deposits title deeds in towns specified by Governor with intent to create security. No writing required; deposit + intention suffices. Valid only in notified towns, providing quick security creation for urban financing.

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