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    Question

    Under the Transfer of Property Act, 1882, a "Mortgage by

    Conditional Sale" is defined under Section:
    A 58(a) Correct Answer Incorrect Answer
    B 58(b) Correct Answer Incorrect Answer
    C 58(c) Correct Answer Incorrect Answer
    D 58(d) Correct Answer Incorrect Answer
    E 58(e) Correct Answer Incorrect Answer

    Solution

    Section 58(c) of TPA defines it as a transaction where the mortgagor ostensibly sells the mortgaged property on condition that on default of payment the sale shall become absolute, or on condition that on such payment the sale shall become void or the buyer shall transfer the property to the seller.

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