Contracts
In Montana, a contract for deed (land contract) gives the buyer:
AImmediate fee simple title upon signing
BEquitable title and possession while the seller retains legal title until payoff✓ Correct
CA leasehold interest only
DNo enforceable rights until all payments are made
Explanation
Under a Montana contract for deed, the buyer receives equitable title and the right to possession while the seller retains legal title as security for payments. Upon completion of all payments, the seller conveys legal title to the buyer through a deed.
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