Contracts
In Minnesota, specific performance is a remedy for breach of a real estate contract that allows the non-breaching party to:
ARecover only the earnest money
BForce the breaching party to complete the transaction as agreed✓ Correct
CTerminate the contract and recover double damages
DReceive a financial award from the Department of Commerce
Explanation
Specific performance is an equitable remedy available in Minnesota real estate cases that compels the breaching party to fulfill the contract as agreed. Courts grant specific performance for real estate contracts because real property is considered unique and monetary damages are often inadequate. It is available to either buyer or seller.
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