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in this lesson were going to break down the land sale contract the merger doctrine marketable title duties imposed on the seller and ultimately equitable conversion and risk of loss or in other words were going to focus on the contract stage of the purchase and sale process of real property right which is a great place for us to start its important to recognize anytime were thinking about the process of the purchase and sale of real property we should recognize that theres two distinct stages right we have the contract stage in the deed stage the contract stage is everything leading up to closing right and from this point forward when I use the word closing what Im talking about is the transfer of ownership in the property from the seller to the buyer right essentially when the deed is delivered from the seller to the buyer and we have transfer of ownership from the seller to the buyer thats what we mean by closing right so the contract stage focuses on everything from the nego
