Which of the following contracts are implied in case of mortgages under the Transfer of Propert...........

Professional Legal Knowledge Transfer of Property

Which of the following contracts are implied in case of mortgages under the Transfer of Property Act, 1882?

That the mortgagee will pay all public charges accruing due in respect of the property

Where the property mortgaged is lease property, and mortgagee renews the lease, the mortgagee has the right to continue enjoying the property until the lease runs out

both A and B

neither A nor B

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Explanation:

The correct answer is 4: neither A nor B. Under the Transfer of Property Act, 1882, there is no implied rule that the mortgagee must pay public charges on the property or has the right to renew and enjoy a lease if the property is leased. Such conditions need to be explicitly agreed upon in the mortgage deed; they don’t apply automatically.