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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 15
Guyton entered into a contract to buy a homesite on which she moved her mobile home. The purchase price was to be paid as a down payment and 180 monthly payments. The seller executed a deed, but one of terms of the sale was that the deed would not be recorded until six monthly payments were timely made. Guyton made payments for about eight years, but only five were made on time. As a result, the seller had not recorded the deed by the time Guyton filed for bankruptcy. Who was the legal owner of the homesite?
Explanation
Verified
Verified
Recording a deed:
A deed can be recorde...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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