Which of the following is true about specific performance?
A)It is an amount paid by a breaching party to the suffering party to cover the latter's loss.
B)It arises in situations which involve written promises.
C)It is usually ordered by the court when the economic value of the transaction is difficult to quantify.
D)It is common in case of contracts having a negative influence on the society as a whole.

Question

Quizplus · Accepted Answer

Specific performance is a legal remedy used by courts when damages are not adequate to resolve a breach of contract, especially in cases where the subject matter is unique or when the economic value is difficult to quantify. It compels the breaching party to fulfill their obligations under the contract.

Which of the Following Is True About Specific Performance