ContractsInstallment_contracts_and_land_contractsEASY
In an installment land contract, the buyer moves into the property before the final payment is made. What type of right is the buyer receiving at that time?
Correct Answer
C) Right of possession
Right of possession is correct because the facts match the buyer's contractual right to occupy or use the property when the agreement gives possession before final conveyance of title. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Contract rights under the land contractB
Installment contractC
Right of possessionD
Land contract (contract for deed)Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
installment_contracts_and_land_contractscontractsland_contractpossession
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