Contracts
What is a 'specific performance' action that a seller might bring against a defaulting buyer in Oregon?
AAn action to recover lost profits from a failed sale
BA lawsuit requiring the buyer to complete the purchase as agreed✓ Correct
CAn action to recover double the earnest money
DA lawsuit to prevent the buyer from purchasing any other property
Explanation
A seller can sue a defaulting buyer for specific performance to compel the buyer to complete the purchase on the agreed terms. Courts grant specific performance in real estate cases because land is considered unique (each parcel is different), making monetary damages potentially inadequate. Oregon courts have discretion to order specific performance when appropriate.
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