Contracts
What is 'specific performance' as a remedy in a Colorado real estate contract dispute?
AA financial penalty equal to double the earnest money
BA court order requiring the breaching party to complete the contract as agreed✓ Correct
CAn arbitration proceeding between the parties
DA lender's requirement that the buyer obtain insurance before closing
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to perform their contractual obligations. In real estate, this typically means completing the sale as agreed because real property is considered unique and monetary damages may be inadequate.
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