A takes a loan of Rs 5 000 from Band mortgages...

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A takes a loan of Rs. 5,000 from Band mortgages his house as security. In the mortgage deed, it was also mentioned that if he could not pay the amount within 5 years, then B will have right to sell the house and recover his amount. If the money could not be recovered from sale of house, then A will be personally liable. It is

A. Mortgage by conditional sale

B. English mortgage

C. Usufructuary mortgage

D. Simple mortgage

Answer: Option D

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