Ask Question
28 June, 06:36

A buyer of an installment contract buys the property on a five - year contract. At the end of the second year, the buyer of the installment decides to sell the property to someone else because he is too busy to manage it. Can the buyer legally do this?

+4
Answers (1)
  1. 28 June, 10:30
    0
    Answer: No, the buyer can legally do this.

    Explanation: The buyer of the property cannot legally sell the property because he/she does not have the legal title to the property being bought on installments. In simpler terms, it is said the buyer does not have equitable title which in real estate laws refer to the individual's right to obtain full ownership of a property or property interest.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A buyer of an installment contract buys the property on a five - year contract. At the end of the second year, the buyer of the installment ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers