What is the limitation period for a mortgagee for foreclosure or sale of immovable property ?
Correct answer: D. 60 years
- A. 12 years
- B. 30 years
- C. 50 years
- D. 60 years
Explanation
Under the applicable limitation schedule, a mortgagee’s suit for foreclosure or sale of immovable property carries a 60-year limitation period. The shorter 12-year period applies to several ordinary mortgage-related claims, which makes it a tempting alternative here.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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