A 39 deposits the title deeds of his property with B to secure payment of a loan made to him by B A...........

`A' deposits the title deeds of his property with B to secure payment of a loan made to him by B. A then executes a legal mortgage of same property to C. The mortgage deed to `C' is duly registered. Is `C' entitled to priority over `B' ? Decide.     (5 marks)