The remedy for breach of a real estate contract that requires that the defaulting party perfor m its obligations under the contract is known as
A) liquidated damages.
B) specific performance.
C) rescission.
D) time of the essence.

Question

Quizplus · Accepted Answer

Specific performance is a legal remedy in real estate contracts that compels the defaulting party to fulfill their contractual obligations, such as completing the sale of a property.

The Remedy for Breach of a Real Estate Contract That