The liability of the mortgager is gradually reduced in the case of _______?

Related MCQs

• The mortgager transfers the mortgaged property to the mortgagee on the condition that it will be retransferred upon payment of mortgaged money. This is
• If the holder of a bill of exchange allows the drawee more than ___ hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharged from liability to such holder.
• When a financial institution sells a mortgage with recourse, the financial institution retains a credit risk liability in the event the buyer returns the mortgage.
• In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company.
• Contigent Liabilities in case of banking Companies are included in_________.
• In case of banking company incorporated outside India, aggregate value of its paid-up capital and reserve shall not be less than Rs. __________.
• In case of an Indian banking company, the sum of its paid-up capital and reserves if it has places of business in more than one State shall not be less than
• Which of the following is/are false about Dishonour of Cheque? A) Section 138 defines Dishonour of cheque for insufficiency, etc., of funds in the account. B) Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier C) Imprisonment for such offence may be extended for period of five year D) Section 138 apply unless – the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
• Protection to the Paying Bank in case of alteration in a cheque is available under.
• In case of sufficiency of funds in the account of the drawer which can be properly used to pay the cheque, the banker must pay the cheque when required to do so.