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Which of the Following Is True of a Land Contract

Question 32

Multiple Choice

Which of the following is true of a land contract?


A) The seller agrees to convey the title when the full price is paid.
B) The trustee holds legal title to the property put up as security.
C) If a buyer defaults, the seller does not have the right to declare a forfeiture.
D) The title to property is conveyed if partial payment has been made.

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