Specific performance meaning in law

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August undefined, 2024

WebEquitable relief is distinguished from remedies for legal actions in that, instead of seeking merely monetary damages, the plaintiff is seeking that the court compels the defendant to perform a certain act or refrain from a certain act. Common types of equitable relief are injunctions, specific performance, or vacatur . WebDefinition of Specific Performance published by the National Association for Court Management: A remedy requiring a person who has breached a contract to perform …

Definition of SPECIFIC • Law Dictionary • TheLaw.com

WebSpecific performance is '' [t]he remedy of requiring exact performance of a contract in the specific form in which it was made, or according to the precise terms agreed upon. [It is t]he actual accomplishment of a contract by a party bound to fulfill it." WebDefine specific performance. specific performance synonyms, specific performance pronunciation, specific performance translation, English dictionary definition of specific performance. n. Law The carrying out of a contract according to its particular terms, especially as ordered by a court instead of paying damages for failing to carrying ... banji fehintola

Performance legal definition of Performance - TheFreeDictionary.com

WebSpecific performance. A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow … WebJan 16, 2024 · Specific performance is a specialized remedy used by courts when no other remedy (such as money) will adequately compensate the other party. If a legal remedy … Webspecific performance. noun [ U ] LAW uk us. an order given by a court stating that a contract for work must be carried out exactly as it was written, rather than someone receiving … banji entertainment

Definition of SPECIFIC • Law Dictionary • TheLaw.com

What Does ‘Specific Performance’ Mean in a Contract Dispute?

WebSep 9, 2024 · Specific performance allows courts to order a party to do certain things to keep their promises in the contract. For example, if you made a binding contract with someone to purchase a block of land from them and they later refuse to give you the land, the court can order specific performance so that the person must sell you the land. WebOct 29, 2024 · Specific performance is another possible remedy in this situation. It's sometimes called an "equitable" remedy, because it involves a court using its discretion to order the nonperforming buyer or seller to perform and to complete the contract as if it had never been breached—that is, to sell or buy the house. pivot pin install toolWebA contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance; adequate consideration ; capacity; and legality. banji jumping pune

"WebSpecific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of … " - Specific performance meaning in law

Specific performance meaning in law

Specific Performance -- Principles Revisited SCC Blog

WebSpecific Performance An extraordinary equitable remedy that compels a party to execute a contract according to the precise terms agreed upon or to execute it substantially so that, … WebSpecific performance An equitable remedy available for breach of contract. A decree by the court to compel a party to perform its contractual obligations. In the High Court, it may be …

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WebSep 9, 2024 · Specific performance allows courts to order a party to do certain things to keep their promises in the contract. For example, if you made a binding contract with …

Webthe right of a party to a contract to demand that the defendant (the party who it is claimed breached the contract) be ordered in the judgment to perform the contract. Specific performance may be ordered instead of (or in addition to) a judgment for money if the contract can still be performed, and money cannot sufficiently reward the plaintiff. WebHaving a certain form or designation; observing a certain form; particular; precise. Identified with precision or without ambiguity.As to specific “Denial,” “Devise,” “Legacy,” and “Performance,” see those titles. Related Legal Terms & Definitions

WebJul 15, 2024 · specific performance noun 1 : the performance of a legal contract strictly or substantially according to its terms 2 : an equitable remedy enjoining specific … WebSpecific Performance An extraordinary equitable remedy that compels a party to execute a contract according to the precise terms agreed upon or to execute it substantially so that, …

WebApr 18, 2024 · Specific performance is what happens in a court of law when the terms of a contract have not been fulfilled and monetary damages are determined to be …

WebAn alternative to the much more common award of monetary damages, specific performance is an injunction on a contract dispute often involving sensitive material or real estate. The actions ordered are usually identical or materially similar to those obligated within the contract itself. When Specific Performance Applies pivot pin detent kitWebJun 16, 2024 · A Recent Fair Legal Specific Performance Case ... While awaiting judgment, a buyer might lose financing, meaning specific performance may be difficult to execute. Risk of the business: Buyers seeking specific performance rely on the seller to still conduct business. However, the business may not be in the state that the buyer expects at the ... banjiahaoWebSep 26, 2024 · In contract law, specific performance means to have the other party perform the obligations they promised to you in the contract. Essentially, you are asking the court … banjica teretanaWebIn the early United States legal history, "Adequate Remedies" is associated with the distinction between courts of law and equity. "Adequate Remedies" refers to the legal remedy, and equitable remedies that apply to the administrative or state court remedies. [4] The court was unable to grant any equitable remedies such as specific performance ... pivot philippinesWebApr 6, 2024 · Specific performance is a remedy in contract law that is most often applied in real estate litigation and disputes where a court issues an order requiring a party to … banji meaningWebJun 18, 2024 · Specific performance is an equitable relief granted by the Court to enforce contractual obligations between the parties. It is a remedy in performance as opposed to … banjigamuWebJun 1, 2024 · Specific performance of a contract is a type of remedy that you would ask for when the other party breaches a contract. When you ask for specific performance, you … banji segun olatunbosun