Contracts
Specific performance as a remedy for breach of an Iowa real estate contract means:
AThe breaching party pays money damages only
BA court orders the breaching party to complete the transaction as agreed✓ Correct
CThe IREC steps in to complete the closing
DThe earnest money is forfeited and the contract is cancelled
Explanation
Because real property is considered unique, Iowa courts may order specific performance — compelling the breaching party to carry out the terms of the contract — in addition to or instead of monetary damages.
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