Contracts
A Wyoming land contract (contract for deed) differs from a traditional sale because:
AThe buyer receives the deed at signing
BThe seller retains legal title until the buyer pays off the purchase price✓ Correct
CNo financing is involved
DThe buyer has no equitable interest in the property
Explanation
In a land contract, the seller retains legal title while the buyer receives equitable title and possession. The buyer receives the deed only after all or a specified portion of the purchase price is paid.
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