Understanding Section 79 of the Transfer of Property Act (TPA): Mortgage to Secure Uncertain Amount
The Transfer of Property Act (TPA) is a key law that governs property transactions in India. It covers various aspects of property dealings, such as transfer, sale, lease, and mortgage. Section 79 of the TPA, although not as commonly discussed, is significant in the context of mortgage transactions. It deals with mortgages that secure uncertain amounts, offering guidelines for determining a maximum limit for such amounts. Understanding Section 79 is crucial for anyone involved in property transactions, especially when handling mortgages with fluctuating loan amounts.