Banking · Execution and Attestation of Documents
Consider the following statements regarding execution and attestation of loan documents: Statement I: In a mortgage deed (other than an equitable mortgage), the signature of the mortgagor must be attested by at least two witnesses. Statement II: A person who is a party to the document, such as a bank branch manager signing for the bank, can also act as an attesting witness. Statement III: For documents executed by a 'Pardanashin' woman, the bank must ensure she receives independent advice and understands the contents. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only I and III✓
- 3Only I and II
- 4Only I
Correct answer
Only I and III
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