What does 'equitable title' imply?

Equitable title refers to a person's right to obtain full ownership of a property, which is recognized in equity. This means that while they may not hold the legal title to the property at that moment, they have a beneficial interest in it. Essentially, equitable title grants the holder certain rights such as the ability to benefit from the property, use it, or benefit from its value, even if they do not possess the legal title. This concept becomes particularly significant in transactions involving contracts of sale or certain types of trusts where ownership has not yet been fully transferred, but the buyer or beneficiary has rights that are enforceable in a court of law. Thus, the correct answer highlights the idea that equitable title conveys a beneficial interest in real estate.