Question

Matthew has a contract to sell a piece of real estate to Betty for $35,000. Matthew breaches the contract and decides to keep the property even though the market price is only $31,000. Betty can recover:

Answer 1

specific performance.

Step-by-step explanation:

As Matthew has breached their contract by not selling the land, Betty can take action of recovery of specific performance.

Specific performance bis defined as an order that is issued by a court that compels a person to perform a specific action. The action to be performed is usually one that has been stated in a contract.

It is the preferred alternative to awarding damages in a dispute as it is an equitable solution.

In this instance Betty can compel Matthew to respect the contract and sell the land.