Which of the following mortgages can be made without writing?
Verified Answer
A. Equitable mortgage
B. English mortgage
C. Simple mortgage
D. Usufructuary mortgage
Explanation:
An 'equitable mortgage' (also known as a mortgage by deposit of title deeds) under Section 58(f) of the Transfer of Property Act, 1882, can be created without a written instrument, merely by depositing the title deeds with the intention to create a security thereon.