Charge on Property MeaningQuestion asked by a law student:-

If there is a charge on the property, can the person with whom it is charged sell the property on non payment of amount?

Answer by WritingLaw:-

Charge is where immovable property of one person is made security for the payment of money to another. It refers to the security for securing the debt, by way of pledge, hypothecation and mortgage.

Own and study from a PDF having 51 law notes that are useful for all Law Exams like CLAT, Judiciary and College Semester Exams. These topics will be life long useful. It is a colourful, spacious, nice PDF that will provide great knowledge. I am confident you will like it. These law notes have been written by learned people with many legal competitive exams' experience.
51 Law Notes PDF Purchase

No personal liability is created in charge but when it comes into effect due to a contract, then personal liability may be created. Therefore we can say that creation of charge provides security to the lender that the amount lent to the borrower will be repaid.

On the other side in mortgage, the borrower is bound to pay the mortgage money else the amount will be recovered by selling the asset which is mortgaged but by the order of the Court and this is NOT so in case of charge.

Law Notes PDF

Hope this helps.
Also it would be good if you please confirm what I said with your own sources too.

Read More Q&A

Read to the point Law Notes

Download important PDFs

Comment, Suggestion, Ideas