Arnold contracted to sell Bielar an office building for $500,000. The entire amount according to the contract was to be paid at the closing. Arnold refused to close the deal. Bielar sued Arnold. To what relief is Bielar entitled?

Question

Quizplus · Accepted Answer

Specific performance is the appropriate relief in a real estate transaction where the seller refuses to close the deal. Real estate is considered unique, and monetary damages are often seen as insufficient to compensate the buyer, making specific performance (forcing the sale to go through as per the contract terms) the preferred remedy.

Arnold Contracted to Sell Bielar an Office Building for $500,000