Contracts
Specific performance is a legal remedy in real estate contracts that means:
AThe breaching party pays double the deposit as damages
BA court orders the breaching party to actually complete the transaction as contracted✓ Correct
CThe non-breaching party receives money equal to lost profits
DThe contract is rescinded and parties are restored to their original positions
Explanation
Specific performance is an equitable remedy available in real estate contracts because each property is considered unique. A court may order the breaching party to complete the sale rather than simply pay damages.
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