New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Which section of the Transfer of Property Act lays down

    provisions relating to right of subrogation
    A Section 19 Correct Answer Incorrect Answer
    B Section 90 Correct Answer Incorrect Answer
    C Section 92 Correct Answer Incorrect Answer
    D Section 102 Correct Answer Incorrect Answer
    E Section 122 Correct Answer Incorrect Answer

    Solution

    Section 92.  Subrogation: Any of the persons referred to in section 91 (other than the mortgagor) and any co-mortgagor shall, on redeeming property subject to the mortgage, have, so far as regards redemption, foreclosure or sale of such property, the same rights as the mortgagee whose mortgage he redeems may have against the mortgagor or any other mortgagee.

    Practice Next