Contracts
Under Virginia contract law, 'specific performance' as a remedy means:
AThe breaching party pays monetary damages
BA court orders the breaching party to perform their contractual obligations (e.g., complete the sale)✓ Correct
CThe contract is rescinded and both parties return to their original positions
DThe non-breaching party receives punitive damages
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to perform their obligations under the contract. In real estate, it may be used to force a seller to convey title.
Related Virginia Contracts Questions
- A Virginia listing agreement that does not specify a termination date is:
- A Virginia purchase contract contains a 'time is of the essence' clause. What does this mean?
- In Virginia, a purchase contract that the buyer has not yet signed but the seller has signed is legally:
- In Virginia, a real estate contract that was obtained through undue influence is:
- In Virginia, a buyer who properly exercises a financing contingency (loan was denied) and terminates the contract should receive:
- A Virginia listing agreement that specifies a particular end date is called:
- When does a Virginia buyer's offer become a binding contract?
- Under a Virginia real estate contract, earnest money is typically held by:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →