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The mortgage where the mortgagor binds himself to repay the mortgagemoney...

This question belongs to Law Transfer Of Property Act
Transfer of Property Act
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The mortgage, "where the mortgagor binds himself to repay the mortgagemoney on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will re-transfer it to the mortgagor upon payment of the mortgage-money as agreed", is called:

Answer & Solution
Correct Answer: Option B
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1 Comment
Akash Deep
Akash Deep 3 years ago
When property transferred absolutely, it is English Mortgage. When it is an ostensible sale, it is Mortgage by conditional sale. Additonally, repayment on a specific date is another essential of English Mortgage. Correct answer, hence, is C.
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