Multiple choice

Mortgage, where the mortgagor binds himself to repay the mortgage-money on a certain date and transfers the mortgaged property absolutely to the mortgagee is known as

  1. english mortgage

  2. usufructuary mortgage

  3. anomalous mortgage

  4. None of these
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A Correct answer
Explanation

English mortgage is where 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.

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