Contracts
Specific performance is a legal remedy in real estate contracts where:
AThe breaching party pays money damages to compensate the other party
BA court orders the breaching party to perform their contractual obligations✓ Correct
CThe contract is rescinded and parties are returned to their original positions
DThe non-breaching party retains the deposit as liquidated damages
Explanation
Specific performance is an equitable remedy where a court compels the breaching party to carry out the contract's terms. It is commonly sought in real estate because each property is considered unique, making money damages an inadequate substitute.
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