New Jersey Real Estate Practice Exam Free Practice Question
A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to
Correct Answer: C
Rationale: Specific performance is a legal remedy that compels a party to fulfill their contractual obligations as agreed. This option (C) is appropriate when monetary damages are insufficient to remedy the situation, particularly in unique transactions like real estate.
Option A is incorrect because canceling contractual obligations does not address the buyer's need for fulfillment of the agreement. Option B, while related to damages, focuses on compensation rather than enforcing the contract itself. Option D, punitive damages, is not relevant here as it aims to punish the wrongdoer rather than compel performance of the contract.
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