Which of the Following Is True of a Land Contract

question 40

Multiple Choice

Which of the following is true of a land contract?

• A) The buyer agrees to pay the purchase price over a period of time.
• 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 forfeiture.
• D) The lender holds legal title to the property put up as security.

---

Definitions:

Communal Relationships

Social connections where individuals focus on the welfare of the other as much as on their own, emphasizing mutual care and concern.

Regarding Yourself

Regarding Yourself typically refers to the way in which one views, perceives, or thinks about oneself, encompassing aspects of self-awareness and personal reflection.

Culture And Socialization

The process through which individuals learn and acquire the values, norms, and customs of a society, enabling them to function within it.

Passionate Love

An intense, emotional and romantic attachment to a partner that is characterized by high levels of enthusiasm and sexual attraction.