77. Receipts in lieu of interest.

Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract between the mortgagee and the mortgagor that the receipts from the mortgaged property shall, so long as the mortgagee is in possession of the property, be taken in lieu of interest on the principal money, or in lieu of such interest and defined portions of the principal.

Transfer of Property Act full bare act.

Download Transfer of Property Act PDF.

Bare Act PDFs
WritingLaw
WritingLaw » TPA (Transfer of Property Act), 1882 » Section 77 TPA Law Study Material
If you are a regular reader, please consider buying the Law PDFs and MCQ Tests. You will love them. You may also support us with any amount you like. Thank You.