PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
Specific performance is an equitable remedy ordering a party to carry out a contract.
Contracts
Contract remedies and status
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Specific performance mean?
Specific performance is an equitable remedy ordering a party to carry out a contract. Courts may consider it in real estate because each parcel is treated as unique and money damages may be inadequate.
How do you separate the nearest exam answer?
Specific performance enforces the promised transfer. Rescission unwinds the contract, while liquidated damages apply the amount the parties agreed would address a breach.
What changes or stays the same in Georgia?
The national contract rule applies on the Georgia exam. Availability in an actual dispute depends on the contract, the parties' performance, equitable defenses, and a court order.
A seller refuses to close after signing an enforceable contract for a unique parcel. The buyer asks a court to require the conveyance rather than award only money.
It is not an automatic self-help remedy. A party seeks it from a court and must satisfy equitable requirements.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
A seller signs an enforceable contract to sell a waterfront lot, then refuses to close because a higher offer arrived. The buyer wants the lot itself, not money. What remedy should the buyer ask a court for?
- A
Rescission
- B
Liquidated damages
- C
Compensatory damages
- D
Specific performance
Specific performance is a court order requiring a party to carry out the contract, and courts consider it for real estate because each parcel is unique. The buyer wants the lot, so this is the fitting remedy. Rescission would undo the contract, which is the opposite of what the buyer wants.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Contracts complete lesson
https://www.passgeorgiarealestate.com/study-guide/contracts/performance-breach-remedies
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