In case of usufructuary mortgage, the mortgagee:

Option A: Is delivered with the possession of the mortgaged property but not authorise to appropriate the rents and profits accuring from the property.

Option B: Is authorised to appropriate the rents and profits accruing from the property but not delivered the possession of the property.

Option C: Is delivered with the possession and is authorised to appropriate the rents and profits accruing the property.

Option D: Is not delivered with the possession of the mortgaged property but has the right to sell that property to recover the money he advanced.

Correct Answer

Option: c

Explanation

A usufructuary mortgage is a contract where the borrower transfers possession and usage rights of a property to the lender while retaining ownership. The lender, known as the mortgagee, is granted the right to enjoy the income or produce generated by the property during the mortgage period.

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