Q. Assume that a vendor of land has sold his property to two different purchasers.The first purchaser, therefore, has an equitable interest in the land. The second purchaser, however, quickly settles the transaction and registers their 'net interest', even though they had heard from another person of the possible first sale.So which purchaser has the greater right purchaser 1 who has equitable interest in land or second purchaser who already registered their net interest?Why?

So the question is about the Equity interest versus Net Interest( this question is regarding diploma of conveyancing and assignment is BSBCNV502 Read and interpret a legal document and provide advice)