Contracts
Specific performance as a remedy in a North Carolina real estate contract requires:
AThe breaching party to pay damages
BThe breaching party to actually complete the sale as agreed✓ Correct
CThe contract to be voided
DA penalty equal to 10% of the purchase price
Explanation
Specific performance is a legal remedy requiring the breaching party to perform their contractual obligations (complete the sale) because real property is considered unique.
Related North Carolina Contracts Questions
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