Assertion (A): Where immovable property of one person is by an act of parties made security for payment of money to another and the transaction does not amount to Mortgage, the later person is said to have a charge on the property.
Reason (R): Any contract in respect of immovable property, of itself, creates a charge on such property.

A. Both (A) and (R) are true and (R) is correct explanation of (A)

B. Both (A) and (R) are true and (R) is not correct explanation of (A)

C. (A) is true but (R) is false

D. (A) is false but (R) is true

Answer: Option C