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 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, under the circumstances, justice will be done between the parties.
Specific performance Wex US Law - LII / Legal …
WebMar 15, 2012 · Essential factors include identifying: (1) the seller, (2) the buyer, (3) the price to be paid, (4) the time and manner of payment, and (5) the property to be transferred. In other words, the ... WebMay 13, 2024 · Alabama law allows buyers and sellers to seek specific performance of the contract because courts recognize that monetary damages may not satisfy the offended party. [viii] For a real estate agreement, specific performance means that a buyer or seller could be forced to buy or sell the property, respectively. Some purchase agreements ... nervous system interact with circulatory
Specific performance definition and meaning - Collins Dictionary
WebSpecific performance is the legal concept that anyone who signs a contract is bound to the terms of the contract. It encompasses the idea that all parties to a contract are bound by … WebPerformance Evaluation: Definition, Steps, Methods. Performance evaluation is the process of evaluating how effectively employees are fulfilling their job responsibilities and contributing to the accomplishment of organizational goals. To appraise performance effectively, a manager must be aware of the specific expectation for a job, monitor ... Specific performance is a directive ordered by a court wherein a party to a contract must perform a specific action as outlined in an existent contract. Specific performance can refer to any kind of forced action, though it is usually enforced so as to complete a transaction that had been previously agreed to. See more The term specific performance refers to literal performance of ones obligations under a contract. Should a party default on his obligation, a court may issue an order for specific … See more Insofar as the history of specific performance is concerned, such a remedy was not initially permitted under common law. A litigants rights … See more For example, specific performance is usually ordered in cases wherein an award of damages would not be enough to remedy the situation, such as cases involving the sale of real property. A specific performance … See more A buyers right to specific performance or replevin is determined by three main factors. First, specific performance may only be ordered when the goods are unique. Second, an … See more nervous system is derived from