Maria enters into a contract to buy a tract of lakefront property from Forest Acres to build and sell a residential development. Forest Acres fails to close the sale. Maria's remed... Maria enters into a contract to buy a tract of lakefront property from Forest Acres to build and sell a residential development. Forest Acres fails to close the sale. Maria's remedy is most likely?
Understand the Problem
The question is asking about the legal remedies available to Maria when Forest Acres fails to close the sale of the property she contracted to buy. The response options suggest various potential remedies, and the goal is to identify the most likely remedy based on the situation described.
Answer
Specific performance.
The final answer is specific performance.
Answer for screen readers
The final answer is specific performance.
More Information
Specific performance is often granted in real estate transactions where monetary damages are inadequate.
Tips
A common mistake is assuming monetary damages are the only remedy; specific performance is particularly relevant to unique goods like real estate.
Sources
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