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.

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