Legal Officer

Legal Officer Interview Questions and Answers for Freshers

Updated 1 Aug 2024
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Q1. Do you knowledge about 7/12 property?

Ans.

7/12 property refers to land records maintained by the revenue department in India.

  • 7/12 property records contain details like land ownership, area, type of land, etc.

  • These records are important for verifying land ownership and legal disputes.

  • In Maharashtra, India, 7/12 extract is used to show ownership details of agricultural land.

Q2. What is GPA? How it is useful in title documents

Ans.

GPA stands for General Power of Attorney. It is useful in title documents to grant someone the authority to act on behalf of the property owner.

  • GPA is a legal document that allows one person to act on behalf of another in legal or financial matters.

  • In title documents, GPA can be used to authorize someone to buy, sell, or manage property on behalf of the owner.

  • Having a GPA in title documents ensures that the authorized person has the legal authority to act on behalf of the pro...read more

Q3. What are the ingredients of Lease deed?

Ans.

Ingredients of a Lease deed include parties involved, property details, lease terms, rent amount, duration, signatures, and witnesses.

  • Parties involved (lessor and lessee)

  • Property details (address, description)

  • Lease terms (start date, end date)

  • Rent amount and payment schedule

  • Duration of the lease

  • Signatures of parties involved

  • Witnesses to the signing

Q4. Process of mortgage property possession

Ans.

The process of mortgage property possession involves legal procedures to transfer ownership from the borrower to the lender in case of default.

  • The lender must first send a notice of default to the borrower.

  • If the borrower fails to cure the default, the lender can initiate foreclosure proceedings.

  • Foreclosure can be done through judicial or non-judicial means depending on the state laws.

  • Once the foreclosure is complete, the lender can take possession of the property and sell it...read more

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Q5. How many types of deeds?

Ans.

There are several types of deeds, including warranty deeds, quitclaim deeds, special warranty deeds, and grant deeds.

  • Warranty deeds provide the highest level of protection for the buyer

  • Quitclaim deeds offer the least protection and simply transfer the grantor's interest in the property

  • Special warranty deeds only guarantee against defects that occurred during the grantor's ownership

  • Grant deeds are commonly used in some states to transfer property ownership

Q6. What is नमुना ड property?

Ans.

नमुना ड property refers to a sample property in legal terms.

  • नमुना ड property is a sample property used in legal proceedings as evidence.

  • It is often presented in court to demonstrate a particular point or argument.

  • Examples of नमुना ड property include documents, physical objects, or digital evidence.

  • The authenticity and relevance of नमुना ड property are crucial in legal cases.

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Q7. Sarfeasi act full form

Ans.

SARFAESI Act stands for Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.

  • Enacted in 2002 to empower banks and financial institutions to recover their non-performing assets (NPAs)

  • Allows banks to take possession of the collateral security in case of default by the borrower

  • Provides for the establishment of Asset Reconstruction Companies (ARCs) to take over and manage NPAs

  • Helps in reducing the burden of NPAs on the banking system and ...read more

Q8. What is mean by Mortgage

Ans.

A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

  • A mortgage is a type of loan used to purchase real estate, where the property itself serves as collateral for the loan.

  • The borrower agrees to repay the loan with interest over a specified period of time, typically 15 to 30 years.

  • If the borro...read more

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Q9. Section of 13(2) , 13(4)

Ans.

Section 13(2) and 13(4) of what law?

  • Need to know the law in question to answer

  • Cannot provide a description without context

  • Please provide more information

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