Alexander entered into a contract with Eowynn to purchase a vintage 1962 Shelby Cobra for $5000.00. After both parties agreed to the price Eowynn learned that the actual market value of the car is around $760,000.00. She therefore decides to back out of the deal and offers to give Alexander his money back. Alexander does not want the money. He wants the car. For what remedy might Alexander sue Eowynn?
A) Criminal punishment
B) The equitable remedy of specific performance
C) The equitable remedy of an injunction
D) The monetary damages caused by the breach of contract.

Question

Quizplus · Accepted Answer

Alexander might sue Eowynn for the equitable remedy of specific performance, which compels the party to perform the agreed-upon terms of the contract, in this case, to sell the car as agreed. This remedy is often used in cases involving unique items, like a vintage car, where monetary damages would not be sufficient to make the buyer whole.

Alexander Entered into a Contract with Eowynn to Purchase a Vintage