The mortgager transfers the mortgaged property to the mortgagee on the condition that it will be retransferred upon payment of mortgaged money. This is

Related MCQs

• The liability of the mortgager is gradually reduced in the case of _______?
• The payment should be made when the cheques are presented for payment within a reasonable time after being drawn and during banking hours.
• 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.
• The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
• The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
• ---------- is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid.
• Dishonour of Negotiable Instrument by Non Payment is covered under section in Negotiable Instrument Act 1882…
• A banker should not refuse payment of a cheque if ________.
• The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of
• The document which can be used only for making local payment is........