Question:
Subrogation under Section 92, Transfer of Property Act, 1882 confers a right upon a person only wherein mortgaged property has been:
Subrogation under Section 92, Transfer of Property Act, 1882 confers a right upon a person only wherein mortgaged property has been:
Updated On: Dec 14, 2024
- Redeemed in full
- Consented to be redeemed in full
- Redeemed in part
- None of the above
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The Correct Option is A
Solution and Explanation
Section 92 of the Transfer of Property Act, 1882, allows a person who has paid off the mortgage debt to step into the shoes of the mortgagee and seek a remedy. However, this right of subrogation arises only when the mortgaged property has been redeemed in full.
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