Asked by Samantha Shaughnessy on May 25, 2024
Verified
In which of the following transactions is the buyer most unlikely to be entitled to specific performance of the contract?
A) A contract for the purchase of a historical artifact
B) A contract for the purchase of 10,000 tons of wheat
C) A contract for the purchase of a Rembrandt painting
D) A contract for the purchase of a 1910 Ford
Specific Performance
A judicial order compelling a party to execute their duties as specified in a contract instead of compensating with damages for contract violation.
Historical Artifact
An object made or used by humans in the past, often of cultural or historical significance, studied to learn about human history.
Rembrandt Painting
An artwork created by Rembrandt van Rijn, a Dutch painter and etcher renowned for his contributions to art during the Dutch Golden Age.
- Gain an insight into the critical role of specific performance and the scenarios in which it is relevant.
Verified Answer
GA
Gelareh AyoubiMay 27, 2024
Final Answer :
B
Explanation :
Specific performance means that the buyer can require the seller to give the buyer the exact goods covered by the contract.Sometimes,the goods covered by a contract are unique and it is not possible for a buyer to obtain substitute goods.When this is the case,the buyer is entitled to specific performance of the contract.
Learning Objectives
- Gain an insight into the critical role of specific performance and the scenarios in which it is relevant.