5 Questions
According to Indian law, the mortgagor is the owner who had parted with some rights of ownership. Which of the following is the right that the mortgagor exercises by virtue of his ownership?
Residuary ownership
When the mortgagor's right to redeem accrues, what right does the mortgagee have to enforce?
His security
The doctrine of a clog on the equity of redemption is a rule of justice, equity, and good conscience. Which case reaffirmed this doctrine?
Murarilal v. Dev Karan, AIR 1965 SC 225
According to Indian law, a condition converting a mortgage into a sale is considered invalid as a clog on the equity of redemption. In which case was this affirmed?
Gangadhar v. Shankarlal, AIR 1958 SC 77
Which of the following options correctly defines the mortgagor in Indian law?
The owner who has partially parted with ownership rights
Test your knowledge of Indian mortgage law with this quiz! Learn about the rights of the mortgagor, the concept of redemption, and more. Answer questions on topics such as ownership, security, and interests in mortgage agreements. Challenge yourself and see how well you understand this area of law!
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