Contracts
In Vermont, a 'specific performance' remedy for a seller's breach of a real estate contract allows the buyer to:
AReceive triple the earnest money as damages
BCompel the seller to complete the sale as agreed, because real property is considered unique✓ Correct
CObtain a new property at government expense
DSue only for the broker's commission
Explanation
Specific performance is an equitable remedy that compels a party to fulfill their contractual obligations. Courts may grant specific performance in real estate cases because each parcel of land is considered unique and money damages may not adequately compensate the aggrieved buyer.
Related Vermont Contracts Questions
- A Vermont purchase and sale agreement is voidable by a minor party because:
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- Vermont's real estate purchase contract may include a radon inspection contingency, which allows the buyer to:
- A Vermont purchase contract becomes binding when:
- In Vermont, a real estate 'escalation clause' allows a buyer to:
- Vermont's consumer protection statute (9 VSA Chapter 63) can apply to real estate transactions because:
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- Vermont's 'notice requirements' in a real estate contract typically require that notices be:
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