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23 December, 03:20

Matthew has a contract to sell a piece of real estate to Betty for $35,000. Matthew breaches the contract and decides to keep the property even though the market price is only $31,000. Betty can recover:

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  1. 23 December, 04:51
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    specific performance.

    Explanation:

    As Matthew has breached their contract by not selling the land, Betty can take action of recovery of specific performance.

    Specific performance bis defined as an order that is issued by a court that compels a person to perform a specific action. The action to be performed is usually one that has been stated in a contract.

    It is the preferred alternative to awarding damages in a dispute as it is an equitable solution.

    In this instance Betty can compel Matthew to respect the contract and sell the land.
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Home » Business » Matthew has a contract to sell a piece of real estate to Betty for $35,000. Matthew breaches the contract and decides to keep the property even though the market price is only $31,000. Betty can recover:
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