Miller made a contract to sell his condominium to Jefferson for $80,000. Two days later Miller changed his mind after discovering that he could have sold the property to another buyer for an additional $20,000. Jefferson sues and asks the court to have the property conveyed to him at the price of $80,000. Jefferson is seeking:

a. restitution.

b. punitive damages.

c. specific performance.

d. valid tender.

Question

Business

Georgia Shields

2 September, 06:42

Miller made a contract to sell his condominium to Jefferson for $80,000. Two days later Miller changed his mind after discovering that he could have sold the property to another buyer for an additional $20,000. Jefferson sues and asks the court to have the property conveyed to him at the price of $80,000. Jefferson is seeking:

a. restitution.

b. punitive damages.

c. specific performance.

d. valid tender.

+1

Answers (1)

Know the Answer?

Landyn Bush · Answer 1

Answer: Specific performance

Explanation:

Specific performance is an equitable remedy used in law of contract, whereby the court issues an order that requires a party to do a specific act, like completing the performance of an agreed contract.

In specific performance, no other remedy will fully compensate the other party involved unless the contract has been fully performed.

Miller made a contract to sell condominium to Jefferson for $80,000 but Jefferson wants the court to tell Miller to seel it for $80,000. Jefferson is seeking specific performance.