The remedy of specific performance will most likely be granted in the case of a(n):
A) employment contract.
B) contract to buy shares of publicly-traded stock.
C) contract for the sale of a business.
D) contract for the sale of Florida oranges.

Question

Quizplus · Accepted Answer

Specific performance is a court-ordered remedy that requires a party to fulfill their contractual obligations. It is most likely to be granted in situations involving unique items or where monetary damages are not an adequate remedy. In the case of a contract for the sale of a business, the business is likely to be considered a unique item, and the buyer may have difficulty finding a similar opportunity elsewhere, making specific performance an appropriate remedy. The other options, such as an employment contract or a contract for the sale of publicly-traded stock, are unlikely to involve unique items or irreparable harm, making specific performance less likely to be granted.

The Remedy of Specific Performance Will Most Likely Be Granted