Which of the following is TRUE about the executory stage of a contract to purchase real property?
A.The seller has possession and equitable titlE.
B.The buyer has legal title and possessory rights once all the contingencies have terminateD.
C.This stage is for the seller to determine if the buyer's offer is acceptable or if the seller should counteroffer.
D.The seller has legal title and the buyer is the equitable owner until title is conveyed at closing.