Question

Difference between equitable mortgage and legal mortgage

Answer 1

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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Answer 2

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