Multiple Choice
Which of the following is true of the right of redemption for mortgages?
A) The mortgagor has to pay the full amount of the debt incurred by the mortgagee.
B) The title of possession is passed on to the mortgagee upon completion of redemption.
C) The mortgagee is allowed to pay back partial interest until the statutory period of redemption.
D) The amount payable by the mortgagor is free of interest charges and other charges.
Correct Answer:
Verified
Correct Answer:
Verified
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