Multiple Choice
Marie wants to buy Ted's farm.She agrees to pay Ted a monthly payment towards the farm,to take possession and to insure the property.Ted retains the legal title while Marie is making payments.What happens if Marie misses a payment?
A) Ted can increase Marie's monthly payments.
B) Ted can declare a forfeiture and take possession.
C) Ted can exercise his rights under strict foreclosure.
D) Ted must sue Marie for the missed payment.
Correct Answer:
Verified
Correct Answer:
Verified
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