Contracts
An installment land contract (contract for deed) in Indiana may be voided by the vendor (seller) when:
AOnly after a judicial foreclosure
BThrough a forfeiture clause allowing rescission upon buyer default after proper notice and cure period✓ Correct
CAutomatically after one missed payment
DOnly if the vendee abandons the property
Explanation
Indiana recognizes forfeiture clauses in land contracts, allowing the vendor to rescind the contract upon buyer default after giving the required statutory notice and cure period. This is a significant enforcement mechanism in land contract transactions.
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