Asked by JORDAN ESCOBAR on May 14, 2024
Verified
Which of the following is one of the remedies generally available for a breach of contract?
A) Repudiation
B) Specific performance
C) Punitive damages
D) Anticipatory breach
E) Novation
Specific Performance
A legal remedy that compels a party to execute a contract according to the precise terms agreed upon, rather than awarding damages for breach.
Punitive Damages
Financial compensation awarded to a plaintiff in a lawsuit, intended to punish the defendant for particularly harmful behavior.
Novation
Novation is the legal process by which an existing contract is replaced with a new contract, involving the same or different parties, where the obligations of the original contract are extinguished and replaced by new obligations.
- Learn about the manifold compensatory actions for failure to fulfill contractual obligations.
Verified Answer
DC
Destiny childsMay 17, 2024
Final Answer :
B
Explanation :
Specific performance is a legal remedy in contract law where the court orders the breaching party to perform the contract according to its precise terms when monetary damages are inadequate to compensate the non-breaching party.
Learning Objectives
- Learn about the manifold compensatory actions for failure to fulfill contractual obligations.