Business Studies, asked by anirudh9926, 9 months ago

Difference between equitable mortgage and legal mortgage

Answers

Answered by priyanshu805140

2

Answer:

Equitable mortgage means a mortgage which does not satisfy the all the requirements of legal mortgage as per the law in force but is nevertheless entered into as per agreement. It gives the necessary right to the mortgagee to file suit for non-payment. Equitable mortgage means mortgage by deposit of title deeds.

Explanation:

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Answered by mannudharman

1

Explanation:

Equitable mortgage means a mortgage which does not satisfy the all the requirements of legal mortgage as per the law in force but is nevertheless entered into as per agreement. It gives the necessary right to the mortgagee to file suit for non-payment. Equitable mortgage means mortgage by deposit of title deeds

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