For each of the scenario mentioned below, applying the provisions of Transfer of Property Act, 1882 and identify the type of mortgage with reasoning: Amit mortgaged his farmland to Ramesh and handed over possession. Rame
CS Professional · Drafting, Pleadings and Appearances · PYQS · June 2026
For each of the scenario mentioned below, applying the provisions of Transfer of Property Act, 1882 and identify the type of mortgage with reasoning: Amit mortgaged his farmland to Ramesh and handed over possession. Ramesh was entitled to enjoy the produce and profits from the land instead of receiving interest on the loan. Until repayment, Amit could not reclaim possession.
Answer & Explanation:
Type: Usufructuary Mortgage Reason: Possession is transferred to the mortgagee (Ramesh). Mortgagee enjoys profits/produce instead of interest. No personal liability on Amit to repay immediately. These elements are define in Section 58(d) of TPA.
Topics: Transfer of Property Act, 1882
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