Question

Which of the following describes a legal proceeding or legal action brought by either the buyer or the seller under a purchase contract to enforce the terms of the contract?

A)An attachment
B)Liquidated damages
C)Suit for specific performance
D)A lis pendens

Answer 1

Suit for specific performance describes a legal proceeding or legal action brought by either the buyer or the seller under a purchase contract to enforce the terms of the contract.

Step-by-step explanation:

The correct answer is Suit for specific performance.

Suit for specific performance describes a legal proceeding or legal action brought by either the buyer or the seller under a purchase contract to enforce the terms of the contract. It is an alternative to claiming monetary damages and seeks to force the breaching party to fulfill their obligations under the contract.

For example, if a buyer enters into a contract to purchase a specific piece of property and the seller tries to back out, the buyer can file a suit for specific performance to compel the seller to go through with the sale.