Math, asked by amansinghjatt1774, 9 months ago

Difference between charge and mortgage under transfer of property act

Answers

Answered by ayush1846
2

Answer:

The main difference between the mortgage and charge is the classification of an asset. The mortgage is on an immovable property while a charge is on a movable property. In charge, the lender doesn't get right to sell the property. If the lender sells the property to recover the amount it becomes mortgage

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