MCQOPTIONS
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| 1. |
'A' borrowed some money from 'B' by depositing the title deeds of such property in Mumbai which is situated in Bhopalpura. Bhopalpura is not a notified city. Mortgage not registered in Mumbai 'B' filed suit for sale of mortgaged property. Here the mortgage |
| A. | Illegal, as the property was not located in Mumbai |
| B. | Invalid because the deed was not registered |
| C. | is valid, as property situated outside Mumbai can be mortgaged in Mumbai by deposit of title deeds |
| D. | valid, because A had no personal obligation to pay the debt |
| Answer» D. valid, because A had no personal obligation to pay the debt | |