Contracts
What is 'specific performance' as a legal remedy in real estate contracts?
AAn agent performing a specific advertising task
BA court order requiring a party to fulfill the terms of their contract✓ Correct
CThe seller completing specific repairs before closing
DThe buyer paying the full price in cash
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to complete the contract as agreed. It is particularly applicable in real estate because each property is considered unique, making money damages potentially inadequate.
Related California Contracts Questions
- What is an 'addendum' to a real estate contract?
- Which remedy allows a buyer to force a seller to complete the sale as agreed when the seller refuses to close?
- Under California law, a real estate licensee who acts as a loan broker in a transaction must provide the borrower with a:
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