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Commonly Asked Questions about Specific Performance Legal Forms

This means the presumption is finalthe party seeking specific performance does not have to prove the real property was unique and the party opposing specific performance cannot argue the real property was not unique. In cases dealing with all other real property, this presumption affects the burden of proof. Specific Performance of Real Property - Transaction BdocHubs - Schorr Law Schorr Law specific-performance-of-real-pr Schorr Law specific-performance-of-real-pr
Specific performance is a contractual remedy in which a court orders a party to fulfill their obligations as closely as possible to what was promised in the contract, rather than simply paying damages for failing to do so.
Exceptional Circumstances The following are a few circumstances in which the court would not apply specific performance. Specific performance would cause harm to the defendant. The initial contract lacks mutuality and fairness for both parties. The contract required too much supervision to be reasonably enforced. Specific Performance | Examples Requirements - Lesson Study.com academy lesson specific-perfor Study.com academy lesson specific-perfor
To have a specific performance clause invoked, an injured party must prove that the contract is valid, that they have lived up to the terms of the contract, that the defendant could have done the same but did not do so, and that a monetary award is not sufficient.
Also called a remedy, specific performance is enforced by a court or a judge, and requires a party to fulfill their contractual obligations. For example, someone signed a contract with their partner when they bought a dog that if they broke up, they would share custody.
Specific performance is an appropriate remedy for a bdocHub of contract concerning goods that are unique in kind, quality or personal association where suitable substitutes are unobtainable or unreasonably difficult or inconvenient to procure. Sokoloff v. Harriman Estates Development Corp., 96 N.Y.
Specific performance is a type of remedy used by courts when no other remedy, including equitable relief, will adequately compensate the other party. If a legal remedy will put the injured party in the position they would have enjoyed had the contract been fully performed, then the court will use that option. What Is Specific Performance as a Legal Remedy? - FindLaw FindLaw business-contracts-forms FindLaw business-contracts-forms
Specific performance is likely an available remedy when a seller can sell the property as agreed but simply has changed their mind about the transaction. In this case, the purchaser likely would have the right to sue the seller and insist upon specific performance. Specific Performance as a Remedy in Real Estate Contracts - Provident Law Provident Law specific-performanc Provident Law specific-performanc