The Distinction Between Legal Title and Equitable Title Is an Important

question 9

Multiple Choice

The distinction between legal title and equitable title is an important concept in the contract for sale of real estate.When the buyer obtains equitable title,the seller can no longer sell the property to someone else,even though the legal title has not officially passed on.In the contract for sale process,the creation of equitable title occurs when:

• A)the contract for sale is written.
• B)the contract for sale is signed.
• C)the contract terms are agreed upon.
• D)each party is deemed legally competent.

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Definitions:

Growth Hormone-Releasing Hormone

A hypothalamic hormone that stimulates the pituitary gland to release growth hormone, which in turn regulates growth and metabolism.

Antidiuretic Hormone

A hormone released by the pituitary gland that regulates the body's retention of water by increasing the reabsorption of water in the kidneys.

Thyroid-Stimulating Hormone

A pituitary hormone that regulates the production of hormones by the thyroid gland.

Hypothalamus

A region of the brain that coordinates activities of the autonomic nervous system and the pituitary, controlling body temperature, hunger, and thirst.