Smith sold a home to Jones on a land contract and recorded the contract. Jones made a $25 down payment and after the sale, made a few of the required monthly payments. One night Jones moved out and abandoned the house. Which of the following is true?
A: A buyer who later bought the property for cash would have no concern about Jones;
B: A deficiency judgment could be obtained by Jones;
C: There is a cloud on the title;
D: The title is very marketable.
Answer: C: There is a cloud on the title;
Business
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