EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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According to Section 3 of the Transfer of Property Act, an actionable claim means:

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Important Questions on Loan Policy and Loan Documentation

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Mumbai branch of the United Bank proposes to sanction working capital limits to a public limited company. The collateral security in the account is an equitable mortgage of the immovable property of the director of a company located in Ahmedabad. Where should the company get the charge registered for the mortgage?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
In which of the following mortgages, the loan can be recovered from the income of the property instead of from the borrower?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
On repayment of a home loan, the bank has shown its inability to release the mortgage. Under which of the following rights, the borrower can force the bank to release the mortgaged property?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
In an English mortgage, the mortgagor transfers to the mortgagee:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A loan secured by mortgage of immovable property is repayable on demand. The period of limitation, in this case, will be:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A mortgage under which the mortgagor undertakes to repay the mortgage money on a fixed date, he also transfers the property to the mortgagee under the condition that on repayment of mortgage money the mortgagee will retransfer the property to the mortgagor, is called:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
In respect of documents signed jointly and severally, a bank can seek recourse in the court against:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A document is signed by the borrower in Gujarati (vernacular language). Which among the following would be required to be obtained by the bank so as not to face any problem later on?