Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(i) Distinguish between Equitable Mortgage and Registered Mortgage. (ii) (a) It makes better business sense to create an equitable mortgage by way of deposit of

(i) Distinguish between Equitable Mortgage and Registered Mortgage. (ii) (a) It makes better business sense to create an equitable mortgage by way of deposit of the title deeds, rather than creating a registered mortgage, from the point of view of the borrowal companies, as also that of the financing bankers. Do you agree? Give reasons for your answer. (b) Would the position be any different in the case of equitable mortgage created by proprietary and partnership firms? Give reasons for your answer, citing suitable provisions of law prevailing in India.

Step by Step Solution

3.54 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

i Equitable Mortgage vs Registered Mortgage Equitable Mortgage Creation It is created by depositing title deeds of the property with the lender without executing any formal mortgage deed Legal Formali... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Management

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

4th Edition

9385965662, 978-9385965661

More Books

Students also viewed these Finance questions