In Connecticut, the equitable remedy that allows a buyer to compel a seller to complete a real estate sale when the seller has wrongfully refused to close is known as:
Correct Answer
C) Specific performance
Specific performance is the equitable remedy by which a court orders the breaching party — in this case, the seller — to actually perform the contract as agreed. Connecticut courts recognize that real property is unique, making monetary damages an inadequate remedy and justifying an order compelling the seller to convey title to the buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A breach of contract occurs when one party fails to perform their obligations under the contract without a legal excuse. The non-breaching party is entitled to legal remedies including damages, specific performance, or contract rescission.
Consideration is something of value exchanged between parties to a contract, making the agreement legally binding. It can be money, a promise to act, a promise to refrain from acting, or anything else of value.
Contingencies are conditions written into a real estate contract that must be met before the transaction can close. If a contingency is not satisfied, the buyer can typically cancel the contract without penalty.
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