Essential Elements of a Mortgage For a transaction to qualify as a valid mortgage under law, certain essential elements must be present. First, there must […]
Tag: Mortgage Law
1. Define Mortgage and what are the different kinds of Mortgage
Introduction In property law, transactions involving immovable property often require financial assistance. To secure repayment of loans advanced for such purposes, the law recognizes a […]
18. In a mortgage it was provided that the mortgagor, if he chose to sell during the term of the mortgage, shall sell it only to the mortgagee at a stated price. Subsequently the mortgagor sold the property to a third party. Decide.
1. Facts of the Case A mortgagor mortgages his immovable property in favour of a mortgagee. The mortgage deed contains a condition that if the […]
9. Contribution
Meaning and Legal Concept Contribution is an equitable doctrine under property and mortgage law which ensures fair distribution of liability among persons who share a […]
8. Marshalling
Meaning and Legal Concept Marshalling is an equitable doctrine applied in property and mortgage law to protect the interests of a subsequent mortgagee or creditor. […]