ContractsInstallment_contracts_and_land_contractsEASY
A buyer under a land contract wants to sell the property before completing all payments. What type of interest does the buyer have that may be transferable?
Correct Answer
D) Equitable interest
The buyer under a land contract holds an equitable interest, which may be assignable depending on the contract terms.
Answer Options
A
Legal titleB
Fee simple absoluteC
Life estateD
Equitable interestWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
installment_contracts_and_land_contractscontractsequitable_interesttransfer
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