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ContractsRemedies_for_breachMEDIUM

Which remedy, if granted by a court, would require a seller to complete the sale of a property as agreed in the contract?

Correct Answer

B) Specific performance

Specific performance is a court-ordered remedy that compels a party to fulfill the terms of a contract. Because real estate is considered unique, Oklahoma courts may grant specific performance in real estate disputes, requiring the seller to complete the transaction rather than simply paying monetary damages.

Answer Options
A
Compensatory damages
B
Specific performance
C
Contract rescission
D
Price reduction

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Background Knowledge for Contracts

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Related Topics & Key Terms

Related Topics:

breach-of-contractequitable-remediescompensatory-damagesrescissionliquidated-damagesearnest-money

Key Terms:

specific performanceequitable remedybreach of contractunique propertycompel performance
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