Bihar Judicial Services 2018 - Online Mock Test

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Question 1 of 149 ()

1 . A takes a loan of Rs. 5,000 from B and mortgages his house as security. In the mortgage deed, it was also mentioned that if he could not pay the amount within 5 years, then B will have right to sell the house and recover his amount. If the money could not be recovered from sale of house, then A will be personally liable. It is

  1. mortgage by conditional sale
  2. English mortgage
  3. usufructuary mortgage
  4. simple mortgage

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