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

This question belongs to Law Transfer Of Property Act
Transfer of Property Act
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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

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Correct Answer: Option D
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