Which of the following is quot usufructuary quot mortgage ........

Transfer of Property Act Mortgage

Which of the following is "usufructuary" mortgage

Where without delivery of the possession of the mortgaged property the mortgagor binds himself to pay the mortgage money

Where the mortgagor delivers possession to the mortgagee but retains the profit of the property,

Where mortgagor binds himself to repay the mortgage Money on a certain date.

None of the above.

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Explanation:

None of the above.

According to Section 58 (d) Usufructuary mortgage is where the mortgagor delivers possession or expressly or by implication binds himself to deliver possession of the mortgaged property to the mortgagee, and authorises him to retain such possession until payment of the mortgage-money, and to receive the rents and profits accruing from the property or any part of such rents and profits and to appropriate the same in lieu of interest, or in payment of the mortgage-money, or partly in lieu of interest or partly in payment of the mortgage-money, the transaction is called an usufructuary mortgage and the mortgagee an usufructuary mortgagee.