Asked by Maryam Ahsan on Jul 14, 2024
Verified
The breach of a contract for a sale of goods qualifies for specific performance only when substantially identical goods can be bought or sold in the market.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, typically used when monetary compensation is not adequate.
Sale Of Goods
The transaction between a seller and a buyer in which the ownership of tangible personal property is transferred from one to the other, usually in exchange for money.
- Acquire knowledge of the situations in which specific performance can be awarded as a corrective measure.
Verified Answer
MC
marlynne cherutoJul 17, 2024
Final Answer :
False
Explanation :
Specific performance is typically granted when the goods are unique or in other circumstances where damages would not be an adequate remedy, not when substantially identical goods are readily available in the market.
Learning Objectives
- Acquire knowledge of the situations in which specific performance can be awarded as a corrective measure.