Charge
This query is : Resolved
19 March 2009
Whats the diffrence between Charge & Morgtage
20 March 2009
1. A mortgage is a conveyance of property, subject to a right of redemption, whereas a charge only gives a right to payment out of a particular immovable property without transferring it.
2.
A mortgage can be enforced against a bonafide purchaser for value whether with or without notice but a charge cannot.
2.
A mortgage can be enforced against a bonafide purchaser for value whether with or without notice but a charge cannot.
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