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.

---

Definitions:

Ethical Choices

involve decisions that align with one's moral principles, often considering the broader implications for society and the environment.

Objectivity

The practice of being unbiased and impartial, especially in the evaluation of information or in decision-making.

Nonparticipation

Refers to choosing not to take part in social, political, or formal activities or processes.

Voting Process

The procedure by which individuals express their choice or opinion in a democratic system, often through casting a ballot.