Which of the provision is true in the light of the section 66 of the Transfer of Property Act, 1882
A. A security is sufficient unless the value of the mortgaged property exceeds by 1/3, or, if consisting of buildings, exceeds by 1/2, the amount for the time being due on the mortgage
B. A security is insufficient unless the value of the mortgaged property exceeds by 1/3, or, if consisting of buildings, exceeds by 1/2, the amount for the time being, due on the mortgage
C. No provision for security is provided under section 66 of the Transfer of Property Act, 1882
D. None of the above
Answer: Option B
This Question Belongs to Law >> Transfer Of Property Act
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