Multiple choice

A mortgagor who has executed two or more mortgagees in favour of the same mortgagee in absence of contract to the contrary

  1. is bound to redeem all such mortgages together

  2. is not entitled to redeem any one such mortgage separately

  3. is bound to redeem at least two such mortgages together

  4. be entitled to redeem any one such mortgage separately or any two or more of such mortgages together
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under Section 61 of Transfer of Property Act, 1882, a mortgagor who has executed two or more mortgages in favour of the same mortgagee shall, in the absence of a contract to the contrary, when the principal money of any two or more of the mortgages has become due, be entitled to redeem any one such mortgage separately, or any two or more of such mortgages together.

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