one yJason just closed on the purchase of real estateunder an installment sales contract.Which of the following accurately describesJason's present status?Jason acquires equitable title for now but canNOT take possession while paying off the loan.Jason acquires legal title immediately and cantake possession while paying off the loan.Jason acquires equitable title for how and cantake possession while paying off the loan.Jason acquires stocks in the corporation thatowns the property.

The objective of the question is to determine the status of Jason after closing on the purchase of…

Answered: one y Jason just closed on the purchase…

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