hard · National Real Estate Exam property-ownership
A buyer defaults on a land contract after five years. The seller initiates an action to regain possession. The buyer argues they should have an opportunity to pay the full balance and keep the property.
What is the buyer's strongest legal argument?
- The Equitable Right of Redemption.
- The Covenant of Further Assurance.
- The right of Statutory Redemption.
- The principle of Emblements.
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