Contracts
In New Mexico, which of the following best describes 'specific performance' as a remedy for breach of a real estate contract?
APayment of a predetermined sum of money
BA court order compelling the breaching party to fulfill their contractual obligations✓ Correct
CCancellation of the contract
DArbitration between the parties
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to perform under the contract. Because real estate is unique, courts may grant specific performance rather than just monetary damages.
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