Asked by
Paola Vallejo
on Nov 10, 2024Verified
Alan entered into a written contract for the purchase of a house owned by Joe. As the time to move approached, Alan discovered that Joe was refusing to move out and refusing to transfer the property. Apparently a dissatisfied customer had driven through the showroom window of Joe's new car dealership, causing him considerable expense. Joe could no longer afford to purchase the new luxury home into which he had intended to move. Which of the following is the appropriate remedy in these circumstances for Alan, who really wants the house?
A) Specific performance
B) Damages
C) Injunction
D) No remedy
E) Rescission
Specific Performance
A legal remedy in contracts law requiring a party to fulfill their obligations under the contract, as opposed to paying damages.
Transfer Property
The act of legally changing ownership of real estate, assets, or other property from one party to another.
Luxury Home
A high-end, well-appointed residential property that offers luxurious living spaces and amenities.
- Outline the concept of specific performance along with the circumstances that warrant its issuance.
Verified Answer
JS
Learning Objectives
- Outline the concept of specific performance along with the circumstances that warrant its issuance.