Contracts
A land contract (contract for deed) in Kentucky differs from a traditional sale because:
AThe buyer receives title immediately
BThe seller retains legal title until the buyer completes payments✓ Correct
CNo consideration is required
DThe transaction does not need to be in writing
Explanation
In a land contract, the seller retains legal title while the buyer takes equitable title and possession, paying in installments until the purchase price is paid in full.
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