Contracts
In New York, 'specific performance' as a remedy in a real estate contract dispute means:
AThe breaching party pays monetary damages
BA court orders the breaching party to actually perform their contractual obligation (e.g., to sell the property)✓ Correct
CThe contract is rescinded and both parties are restored to their prior positions
DThe non-breaching party forfeits their deposit
Explanation
Specific performance is an equitable remedy available in New York real estate disputes where money damages are considered inadequate (because each parcel of real estate is considered unique). A court may order the seller to convey the property or order the buyer to complete the purchase as originally agreed.
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