Contracts
In Colorado, which of the following best describes 'specific performance' as a contract remedy?
AA monetary payment to compensate for breach of contract
BA court order requiring the breaching party to perform the contract as written✓ Correct
CThe automatic return of earnest money upon default
DA reduction in the purchase price to compensate for defects
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to fulfill their contractual obligations. In real estate, a buyer may seek specific performance to force the sale of a unique property that monetary damages cannot adequately replace.
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