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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:

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: Correct Answer Is correct

Related Questions

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.
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
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 . . . . . . . .
Which of the following is not correctly matched under Transfer of Property Act?
(1) Universal donee - Section 128
(2) Doctrine of Part Performance - Section 53A
(3) Marshalling by subsequent purchaser - Section 65
(4) Mortgagee's right to foreclosure or sale - Section 67
Choose the right answer:
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', on 9th January, 2015 agrees to sell his immovable property to 'R' and out of the total sale consideration of Rs. 3,00,000/- receives a sum of Rs. 1,00,000/- from 'B' as advance payment and agrees to vacate the property and handover vacant peaceful physical possession thereof to 'B' and to execute the Sale Deed of the property in favour of 'B' on receipt of balance sale 'consideration' on or before 9th July, 2015. 'A' fails to vacate the property or to execute the Sale Deed or to deliver possession of the property to 'B'. 'B' after waiting patiently till 31st January, 2016, on 1st February, 2016 got issued a legal notice to 'A' to take the balance sale consideration and execute the Sale Deed and deliver vacant peaceful physical possession. 'A' vide his reply received by 'B' on 17th February, 2016 denies the agreement. The limitation of three years available to 'B' for instituting a suit for specific performance is:
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:
Within the meaning of provisions of the section 67 of the Transfer of Property Act, 1882, the mortgagee's remedies by suit are:
(1) On the covenant
(2) For sale
(3) For foreclosure
Within the meaning of section 69A of the Transfer of Property Act, 1882 a mortgagee having the right to exercise a power of sale under section 69, shall subject to the provisions of sub-section (2) be entitled to appoint a receiver. The statement: