Asked by Suzette Miranda on Jul 11, 2024
Verified
________ occurs when the court orders the defaulting party to live up to the terms of the contract.
A) An injunction
B) Specific performance
C) An accounting
D) Quantum meruit
E) Compensation
Specific Performance
A legal remedy in contract disputes where the court orders the breaching party to fulfill the exact terms of the contract, rather than simply paying damages.
Quantum Meruit
A legal principle where a person can recover a reasonable value of services provided, even in absence of a contract.
- Describe the principle of specific performance and the scenarios where it becomes applicable.
Verified Answer
EG
Eriany GutierrezJul 16, 2024
Final Answer :
B
Explanation :
Specific performance is a remedy in contract law that requires the defaulting party to perform their obligations under the contract, rather than simply paying damages for failing to do so.
Learning Objectives
- Describe the principle of specific performance and the scenarios where it becomes applicable.