Which of the following is true of a land contract?
A. The trustee holds legal title to the property put up as security.
B. The buyer agrees to pay the purchase price over a period of time.
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.
Answer: B
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Indicate whether the statement is true or false
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At the beginning of a new project, Edward creates a to-do list for his project team for the entire length of the project, laminates it, and posts it on the wall for all to see. What is wrong with this decision?
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