Law · Transfer of Property Act
A mortgage in which the mortgagor binds himself to repay the mortgage-money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will re-transfer it to the mortgagor upon payment of the mortgage-money as agreed, is called a/an:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Simple mortgage
- 2Usufructuary mortgage
- 3Mortgage by deposit of title-deeds
- 4English mortgage✓
Correct answer
English mortgage
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