Contracts
Specific performance as a remedy in a real estate contract means the court:
AAwards monetary damages to the non-breaching party
BOrders the breaching party to perform the exact terms of the contract✓ Correct
CCancels the contract and returns all parties to their original positions
DImposes a fine on the breaching party
Explanation
Specific performance is an equitable remedy in which a court orders the breaching party to fulfill their obligations under the contract. It is available in real estate because each parcel is considered unique, making monetary damages an inadequate remedy.
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