These are some characteristics of a usufructuary mortgage under section 58 of the Transfer of Property Act, 1882
(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 (3) is relevant
B. Only (2) is relevant
C. Only (1) is relevant
D. All are relevant
Answer: Option D
This Question Belongs to Law >> Transfer Of Property Act
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B. Section 14
C. Section 15
D. Section 16
Case of "Raj Kumar Kundu v. Mcqueen" is related to
A. Lis pendens
B. Part performance
C. Mortgage
D. Ostensible owner
A. Transfer by ostensible owner of the property for consideration
B. Transfer by owner of the property in which a widowhas life interest for maintenance
C. Both A and B
D. Neither A nor B
Which property cannot be transferred?
A. A public office
B. A mere chance to succeed
C. A mere right of re-entry
D. All of the above
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