ContractsQuestion 55 of 120
The remedy of 'specific performance' in a real estate contract dispute means:
a.The buyer receives triple the deposit as damages
b.The contract is automatically canceled with no consequences
c.A court orders the breaching party to complete the sale as agreed
d.The broker forfeits the entire commission
Explanation
Specific performance is an equitable remedy in which a court orders a party to perform the contract as agreed, often available because each parcel of real estate is unique. A buyer may seek it to compel a reluctant seller to convey title. It is an alternative to monetary damages.
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