Asked by
Starr Gutierrez
on Nov 23, 2024Verified
Robin offered to sell her 10-speed touring bicycle to Felicia for $200 on her return from a two-week bicycle trip to a distant city. At the end of the first week, Felicia received a long distance telephone call from Robin, in which Robin advised Felicia that she had decided not to sell the bicycle on her return. Felicia was disappointed, as a similar bicycle on the market would cost her at least $250. She decided to wait until Robin returned then urge her to go through with the sale. Before Robin reached home, her bicycle was stolen, and never found. Had the bicycle not been stolen, Felicia would be entitled to specific performance of the contract if Robin had refused to sell.
Specific Performance
A legal remedy in contracts where the court orders one party to fulfill their specific duties under the contract, rather than seeking damages for breach.
- Examine the function of specific performance as a legal redress and differentiate it from financial compensations.
Verified Answer
AR
Learning Objectives
- Examine the function of specific performance as a legal redress and differentiate it from financial compensations.
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