ContractsInstallment_contracts_and_land_contractsEASY
In a seller-financed transaction, who acts as the lender?
Correct Answer
B) The seller
In seller financing, the seller extends credit to the buyer instead of the buyer obtaining financing from a traditional institutional lender.
Answer Options
A
The buyer's bankB
The sellerC
The listing agentD
The title companyWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Key Terms:
installment_contracts_and_land_contractsfinancingseller_financinglender
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