Under Delaware contract law, 'specific performance' as a remedy means:
Why A court orders the breaching party to perform the contract as agreed Is Correct
Answer B: A court orders the breaching party to perform the contract as agreed
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
Key Contracts Terms in This Question
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Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
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