MCQOPTIONS
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| 1. |
Which one of the following is not a necessary part of mortgage as defined under Section 58A of Transfer of Property? |
| A. | There should be a difference of interest. |
| B. | A promise to transfer interest should be given. |
| C. | The interest should be in a specified immovable property. |
| D. | The purpose of the transfer should be to ensure the payment of a loan. |
| Answer» C. The interest should be in a specified immovable property. | |