Multiple choice

Loan against the security of immovable property is by executing an agreement of

  1. Assignment

  2. Pledge;

  3. Transfer;

  4. Mortgage;
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A mortgage is the legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

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