Contracts
When a New Hampshire buyer signs a purchase and sale agreement, the buyer's equitable title means:
AThe buyer holds legal title immediately
BThe buyer has an enforceable interest in the property and may seek specific performance if the seller defaults✓ Correct
CThe buyer may occupy the property before closing
DThe buyer's interest is only equal to the earnest money deposited
Explanation
Upon signing a purchase and sale agreement, the buyer holds equitable title — a beneficial interest in the property. Legal title remains with the seller until closing.
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