Under equitable conversion in a land sale contract with no risk-of-loss clause, if the court rules for the buyer, what explains the allocation of risk?

Under equitable conversion in a land sale contract with no risk-of-loss clause, if the court rules for the buyer, what explains the allocation of risk?

• A. Equitable conversion places risk on the buyer as equitable owner
• B. The seller retains the risk of loss until closing
• C. Insurance determines who bears the risk
• D. The title holder bears the risk

Answer: (A)