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With reference to the Transfer of Property Act, 1882, the type of mortgage where the mortgagor binds himself to repay the mortgage money on a certain
Question

With reference to the Transfer of Property Act, 1882, the type of mortgage where the mortgagor binds himself to repay the mortgage money on a certain date and transfer the mortgaged property absolutely to the mortgagee subject to a proviso for redemption is called _______.

A.

English Mortgage

B.

Equitable Mortgage

C.

Simple Mortgage

D.

Mortgage by conditional sale

Correct option is A

An English Mortgage is defined under Section 58(e) of the Transfer of Property Act, 1882, where the mortgagor binds himself to repay the debt on a certain date, and the property is absolutely transferred to the mortgagee with a proviso for redemption.

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