The remedy for breach of a real estate contract which requires that the defaulting party perform their obligations under the contract is known as:
A) liquidated damages
B) specific performance
C) rescission
D) time is of the essence

Question

Quizplus · Accepted Answer

Specific performance is a legal remedy in real estate contracts that requires 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 Which