NH Bar Practice Questions - New Hampshire Bar Examination (UBE) Exam

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A homeowner contracts to sell her house, and before closing the house is destroyed by fire through no fault of either party. Under the majority equitable-conversion rule, the risk of loss falls on:

The seller, in all circumstances Neither party; the contract is automatically void The buyer's lender The buyer, who holds equitable title once the contract is signed

Correct Answer:

The buyer, who holds equitable title once the contract is signed

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