Contracts
In Alaska real estate contracts, 'specific performance' is a remedy that:
ARequires the defaulting party to pay double the earnest money
BCompels the defaulting party to actually complete the transaction as agreed✓ Correct
CAllows the injured party to rescind the contract and receive damages
DLimits the injured party's remedy to the earnest money deposit
Explanation
Specific performance is an equitable remedy that courts may grant requiring the breaching party to fulfill the contract as agreed. It is often sought in real estate transactions because each parcel of land is considered unique, and monetary damages may not adequately compensate the injured party.
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