Examveda

There are some characteristics of usufructuary mortgage under Section 58 of the Transfer of Property Act:
1. There is no personal liability on the mortgagor.
2. No time limit is fixed.
3. Mortgagee takes the whole or part of the rent and profits.

A. Only 1 and 2 are relevant

B. Only 2 and 3 are relevant

C. Only 1 is relevant

D. All of the above are relevant

Answer: Option D


This Question Belongs to Law >> Transfer Of Property Act

Join The Discussion

Related Questions on Transfer of Property Act