Correct option is B
Section 134 of the Transfer of Property Act, 1882, deals with the
discharge of mortgaged debt. It explains the release of mortgaged property from encumbrance after the debt has been paid.
Information Booster
Once the mortgage debt is satisfied, the mortgagor is entitled to have the property released from the mortgage. Section 134 provides the legal basis for this release.
Additional Knowledge
·
Universal donee - Section 128A: Incorrect, as this is not a Section under the Transfer of Property Act.
·
Exchange of Money - Section 120: Incorrect, as Section 120 does not refer to the exchange of money.
