Mortgages Intro Quiz

What is a mortgage?

• A pledge

• A security instrument

• An absolute transfer of property

• A tool for unsecured creditors

1. Which of the following mortgages can be made without writing?

• Mortgage by deposit of title deeds

• English Mortgage

• Simple Mortgage

• Usufructuary mortgage

In which of the following mortgages the mortgagor is required to deliver possession of the mortgaged property to the mortgagee?

• English Mortgage

• Simple Mortgage

• Usufructuary Mortgage

• Anomalous Mortgage

The person who mortgages the property is known as……………

• Executor

• Mortgager

• Mortgagee

Under TPA which of the following mortgage with the value of Rs. 100 or above is not compulsory registrable?

• English mortgage

• Mortgage by deposit of the title deeds

• Simple mortgage

The mortgage which involves the absolute transfer of the mortgaged property with a provision for re-transfer is

• English mortgage

• Mortgage by deposit of the title deeds

• Mortgage by conditional sale

• All

In a simple mortgage possession of the mortgaged property...

• is given to the mortgagee

• is given to the third party as a security

• remains with the mortgagor

• None

A suit to obtain a decree that a mortgagor shall be absolutely debarred of is right to redeem the mortgaged property is Called……………..

• • Foreclosure

• Redemption Suit

• Implied Redemption

4. In which type of mortgage does the borrower undertake to repay the loan on certain terms but the mortgagee does not have the right to possess or enjoy the property?

• Usufructuary mortgage

• Mortgage by conditional sale

• English Mortgage

• Simple Mortgage

Ostensible means?