Section 59 of TPA : Section 59: Mortgage When To Be By Assurance
TPA
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Explanation using Example
Imagine that Mr. Sharma wishes to take out a mortgage on his property to secure a loan of ₹150,000 from a bank. According to Section 59 of the Transfer of Property Act, 1882, since the principal amount is more than one hundred rupees, Mr. Sharma must have a fo...
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