Contracts
Specific performance is a legal remedy in which a court:
AAwards money damages for breach of contract
BOrders a party to fulfill their contractual obligations✓ Correct
CDeclares a contract void
DTransfers the contract to a new buyer
Explanation
Specific performance is an equitable remedy in which a court orders the breaching party to perform their contractual obligations. It is available in real estate cases because each parcel of land is unique.
Related Arkansas Contracts Questions
- Liquidated damages in a real estate contract are:
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- Which of the following best describes an earnest money dispute between buyer and seller?
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