cs question

CS 1373 views 2 replies

 

can anybody answer this question for me? This question is from genenral and commercial law (cs-- module II).

The equity of redemption has been recognized as immovable property. it is true or false

Replies (2)

Hope you understand the meaning of "equity of redemption". In a mortgage, the mortgagor (borrower) has the right to claim back the property after making repayment of the loan. This is called equity of redemption

As stated, the questoin is incomplete - one does not know whether you are talking about a mortgage of immovable property or movable property. however, in India the common perception is mortgage of immovable property

Note any interest in immovable property is also an immovable property

Hence, equity of redemption in immovable property is an immovable property itself

THANKS A LOT. THIS QUESTION WAS GIVEN IN CS TEST PAPER. Thanks for the explanation. 


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