Where the mortgagor binds himself to repay the mortgage-money on a certain date and transfers the mortgaged property absolutely to the mortgagee subject to condition that the mortgagee will re-transfer it to the mortgagor upon payment of the mortgage-money, the transaction is called-
A. Simple mortgage
B. Usufructuary mortgage
C. English mortgage
D. Anomalous mortgage
Answer: Option C

Join The Discussion