Contracts
Vermont's 'contract for deed' (land installment contract) arrangement means:
AThe deed is recorded before the buyer makes payments
BThe buyer takes possession while making payments but the seller retains title until the purchase price is fully paid✓ Correct
CThe contract is recorded instead of a deed
DThe buyer owns the property immediately but pays in installments
Explanation
In a contract for deed (installment sale contract), the buyer takes possession and makes payments over time, but the seller retains legal title until the purchase price is fully paid and the deed is then delivered.
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