Multiple choice

Where mortgagee is entitled to enjoy the benefits of the mortgaged property in lieu of interest on debt, the mortgage is called

  1. Simple Mortgage

  2. Equitable Mortgage

  3. Usufructuary Mortgage

  4. English Mortgage

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Where mortgagee is entitled to enjoy the benefits of the mortgaged property in lieu of interest on debt, the mortgage is called usufructuary mortgage.