Where two properties belong to same owner, one property is mortgaged to secure one debt and both properties are mortgaged to secure another debt and the former debt is paid out of the former property, each property is:
A. Liable to contribute retably to the latter after deducting the amount of former debt from the value of property out of which it has been paid
B. Not liable to contribute retably to the latter after deducting amount of former debt
C. Debt liable to be deducted amount only
D. None of the above
Answer: Option A
This Question Belongs to Law >> Transfer Of Property Act
A. Section 13
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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