{"id":858,"date":"2024-03-05T15:06:40","date_gmt":"2024-03-05T15:06:40","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=858"},"modified":"2024-03-05T15:06:40","modified_gmt":"2024-03-05T15:06:40","slug":"which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/","title":{"rendered":"Which one of the following sections provides the statutory duties of a mortgage in possession-"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Section 77&#8243; option2=&#8221;Section 78&#8243; option3=&#8221;Section 79&#8243; option4=&#8221;Section 76&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is (a) Section 77.<\/p>\n<p>Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:<\/p>\n<ul>\n<li>To keep the property in good repair and condition.<\/li>\n<li>To insure the property against loss or damage.<\/li>\n<li>To pay all taxes and rates on the property.<\/li>\n<li>To collect all rents and profits from the property.<\/li>\n<li>To account to the mortgagor for all money received from the property.<\/li>\n<\/ul>\n<p>A mortgage in possession is a mortgagee who has taken possession of the mortgaged property after the mortgagor has defaulted on the mortgage. The mortgagee is then responsible for managing the property and for ensuring that the mortgage debt is repaid.<\/p>\n<p>The statutory duties of a mortgage in possession are designed to protect the interests of both the mortgagee and the mortgagor. The duties ensure that the property is properly maintained and that the mortgage debt is repaid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Section 77&#8243; option2=&#8221;Section 78&#8243; option3=&#8221;Section 79&#8243; option4=&#8221;Section 76&#8243; 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-858","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 sections provides the statutory duties of a mortgage in possession-<\/title>\n<meta name=\"description\" content=\"Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:\" \/>\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-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/\" \/>\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 sections provides the statutory duties of a mortgage in possession-\" \/>\n<meta property=\"og:description\" content=\"Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T15:06:40+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which one of the following sections provides the statutory duties of a mortgage in possession-","description":"Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:","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-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following sections provides the statutory duties of a mortgage in possession-","og_description":"Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T15:06:40+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-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/","name":"Which one of the following sections provides the statutory duties of a mortgage in possession-","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T15:06:40+00:00","dateModified":"2024-03-05T15:06:40+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Section 77 of the Law of Property Act 1925 provides the statutory duties of a mortgage in possession. These duties include:","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-sections-provides-the-statutory-duties-of-a-mortgage-in-possession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"law","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/law\/"},{"@type":"ListItem","position":4,"name":"Which one of the following sections provides the statutory duties of a mortgage in possession-"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=858"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/858\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}