Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.
Section 78: Postponement of prior mortgagee.
The Transfer of Property Act, 1882Central Act · Act 4 of 1882
Where this provision sits
| Act | The Transfer of Property Act, 1882 |
|---|---|
| Section | 78 |
| Marginal note | Postponement of prior mortgagee. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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