Multiple choice

A mortgage by deposit of title deeds is called

  1. anomalous mortgage

  2. english mortgage

  3. equitable mortgage

  4. usufructuary mortgage
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Where a person in any of the following towns, namely, the towns of Calcutta, Madras and Bombay, and in any other town which the State Government concerned may, by notification in the Official Gazette, specify in this behalf, delivers to a creditor or his agent documents of title to immovable property, with intent to create a security thereon, the transaction is called a mortgage by deposit of title deeds.  
 

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