ContractsCâu 55 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contract in which only one party makes a promise, such as an option to purchase, is a:
- An 'executory' contract is one in which:
- A contingency in a purchase contract, such as a financing or inspection contingency, functions to:
- 'Liquidated damages' in a purchase contract typically refers to:
- When a new party is substituted for an original party to a contract, with the consent of all parties, this is called:
- A listing agreement in which the broker earns a commission only if that broker procures the buyer, but the seller may also sell independently without owing a commission, is a(n):
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với Florida Real Estate Sales Associate Licensing Exam · Quy trình kiểm tra