{"id":4571,"date":"2024-03-05T16:08:39","date_gmt":"2024-03-05T16:08:39","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=4571"},"modified":"2024-03-05T16:08:39","modified_gmt":"2024-03-05T16:08:39","slug":"which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/","title":{"rendered":"Which one of the following Section of the Transfer of Property Act defines anomalous mortgage?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Section 58(f)&#8221; option2=&#8221;Section 58(d)&#8221; option3=&#8221;Section 58(g)&#8221; option4=&#8221;Section 58(1) &#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is (a). Section 58(f) of the Transfer of Property Act defines anomalous mortgage.<\/p>\n<p>A mortgage is a security interest in real property that is used to secure a debt. The mortgagee (lender) holds the title to the property until the debt is repaid, at which point the mortgage is discharged.<\/p>\n<p>An anomalous mortgage is a mortgage that is not created in accordance with the requirements of the Transfer of Property Act. For example, an anomalous mortgage may be created without a written agreement, or it may be created for an indefinite period of time.<\/p>\n<p>Section 58(f) of the Transfer of Property Act states that &#8220;a mortgage created without a written agreement, or for an indefinite period of time, is void.&#8221; This means that an anomalous mortgage is not a valid security interest, and the mortgagee does not have a right to the property.<\/p>\n<p>The other options are incorrect because they do not define anomalous mortgage. Section 58(d) defines a mortgage by demise, Section 58(g) defines a mortgage by sub-demise, and Section 58(1) defines a mortgage by conditional sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Section 58(f)&#8221; option2=&#8221;Section 58(d)&#8221; option3=&#8221;Section 58(g)&#8221; option4=&#8221;Section 58(1) &#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-4571","post","type-post","status-publish","format-standard","hentry","category-law","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which one of the following Section of the Transfer of Property Act defines anomalous mortgage?<\/title>\n<meta name=\"description\" content=\"A mortgage is a security interest in real property that is used to secure a debt. The mortgagee (lender) holds the title to the property until the debt is repaid, at which point the mortgage is discharged.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following Section of the Transfer of Property Act defines anomalous mortgage?\" \/>\n<meta property=\"og:description\" content=\"A mortgage is a security interest in real property that is used to secure a debt. 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The mortgagee (lender) holds the title to the property until the debt is repaid, at which point the mortgage is discharged.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following Section of the Transfer of Property Act defines anomalous mortgage?","og_description":"A mortgage is a security interest in real property that is used to secure a debt. The mortgagee (lender) holds the title to the property until the debt is repaid, at which point the mortgage is discharged.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T16:08:39+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-section-of-the-transfer-of-property-act-defines-anomalous-mortgage\/","name":"Which one of the following Section of the Transfer of Property Act defines anomalous mortgage?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T16:08:39+00:00","dateModified":"2024-03-05T16:08:39+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"A mortgage is a security interest in real property that is used to secure a debt. 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