Bissoy.com
Doctors Medicines MCQs Q&A

Under section 67A of the Transfer of Property Act, 1882, the mortgagee who sues to obtain the same kind of decree on anyone of the mortgagee, shall, be bound to sue on all the mortgages in respect of which the mortgage money has become due.

Under section 67A of the Transfer of Property Act, 1882, the mortgagee who sues to obtain the same kind of decree on anyone of the mortgagee, shall, be bound to sue on all the mortgages in respect of which the mortgage money has become due. Correct Answer The provision falls under this section

Related Questions

Mortgagor binds himself to repay the mortgage money on certain date and transfer mortgage property absolutely to mortgagee with a condition that upon repayment of mortgage money, the mortgage will re-transfer it to mortgagor. This type of mortgage is known as:
Section 58 enumerates some classes mortgages:
(1) Simple mortgage
(2) Mortgage by conditional sale
(3) Usufructuary mortgage
(4) English mortgage
(5) Equitable mortgage
(6) Anomalous mortgage
Within the meaning of the provisions of section 61 of the Transfer of Property Act, 1882, a mortgagor who has executed two or more mortgages in favour of the same mortgagee, and when the principal money of any two or more of the mortgages has become due:
Under section 68 of the Transfer of Property Act, 1882, provision of this section shall not apply if the mortgagee sues for foreclosure on one mortgage and for sale on another mortgage. The statement:
A mortgage which is not a simple mortgage, a mortgage by conditional sale, an Usufructuary mortgage, an English mortgage or a mortgage by deposit of title deeds is called . . . . . . . .
Where the mortgagor binds himself to repay the mortgage-money on a certain date and transfers the mortgaged property absolutely to the mortgagee subject to condition that the mortgagee will re-transfer it to the mortgagor upon payment of the mortgage-money, the transaction is called-
Under the provisions of section 60A of the Transfer of Property Act, 1882, where a mortgagor is entitled to redemption, he may require the mortgagee, instead of retransferring the property, to assign the mortgage debt and transfer the mortgaged property to such third person as the mortgagor may direct then the mortgagor:
A mortgage who holds two or more mortgages executed by the same mortgagor in respect of each of which he has a right to obtain the same kind of decree. The liability is propounded in
A suit to obtain a decree that a mortgage or shall be absolutely debarred of his right to redeem the mortgaged property is called a suit for . . . . . . . . under the Transfer of Property Act, 1882.
When a mortgagee acquires a portion of equity of redemption, the mortgage is not extinguished completely. There can be only a pro tanto extinguishment of the mortgage right to the extent of the mortgagee acquiring the mortgagor's interest and so far as the other sharer of the equity of redemption is concerned, the mortgagee will subsist. This was held in case of: