Mortgage By Conditional Sale Law Of Property Act 1882

Mortgage By Conditional Sale Law Of Property Act 1882. MORTGAGE UNDER SECTION 58 TYPES OF MORTGAGE India law Explained

Mortgage By Conditional Sale Law Of Property Act 1882 video duration 7 Minute(s) 48 Second(s), published by Law And Jurisprudence on 08 04 2018 - 04:33:24.

What is Mortgage By Conditional Sale Relavant Provision 58c Where the mortgagor ostiensibly sells the mortgage property on the conditions that on the default Judicial exam preparation, share this video to other law aspirants.

. . MORTGAGE UNDER SECTION 58 India law RIGHTS AND LIABLITIES Rights of Mortgagee Liabilities of Mortgagee Section 58 of The Transfer Of Property Act, .

What is Mortgage By Conditional Sale

Relavant Provision 58c

Where the mortgagor ostiensibly sells the mortgage property on the conditions that on the default of the payment of the mortgage money on the certain date the sale shall become absolute on such payment being made the sale shall become void
if such payment being made the buyer shall transfer the property to the seller
this transaction is called a mortgage by conditional sale

Essential Of Mortgage by Conditional Sale

Ostensible Sale not actual Sale

Conditonal sale if he not perform then sale become absolute

Sale when become absolute

Sale when become void
there is right of forclosure
there is no personal laibality

Ownership transferred on payment to mortgagor

possession is not delivered to mortgagee
relationship is not seller and buyer but mortgagor and mortgagee
Registrarion is necessyif the price