Contracts
An installment land contract (contract for deed) in Georgia transfers:
ALegal title immediately upon execution
BEquitable title to the buyer while the seller retains legal title until the purchase price is paid✓ Correct
CBoth legal and equitable title upon signing
DOnly the right to occupy, not any ownership interest
Explanation
Under an installment land contract, the buyer receives equitable title (right of possession and use) while the seller retains legal title until all installment payments have been made and the purchase price is paid in full.
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