Contracts
In Hawaii real estate, what does 'specific performance' as a remedy mean?
AA. A penalty payment for breach of contract
BB. A court order compelling a party to fulfill their contractual obligations (such as completing the sale)✓ Correct
CC. The requirement to perform a home inspection before closing
DD. The return of earnest money to the buyer
Explanation
Specific performance is a court-ordered equitable remedy compelling a party to fulfill their contractual obligations. In real estate, a buyer may seek specific performance to force a seller to complete a sale, since each property is considered unique and money damages may be inadequate.
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