What is meant by specific performance?

What is meant by specific performance?

Specific performance means fulfilling a promise made under a contract as agreed. A suit for specific performance can be filed by any party, in a court of competent jurisdiction, who has suffered loss due to non-performance of contract on part of the other party to the contract.

What is a good synonym for specific?

Some common synonyms of specific are especial, individual, particular, and special.

What is a good word for performance?

synonyms for performance

  • achievement.
  • act.
  • conduct.
  • work.
  • completion.
  • consummation.
  • enforcement.
  • fruition.

When can you get specific performance?

Specific performance is typically awarded when money cannot adequately compensate the injured party and when the contractual obligation is unique or difficult to value.

What does specific performance mean in legal terms?

A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm.

What’s another way to say specific to?

What is another word for specific to?

peculiar like
endemic to exclusive to
indicative of particular to
representative of restricted to
unique to special to

What’s another word for specialized?

What is another word for specialized?

special unique
extraordinary unconventional
exceptional unprecedented
remarkable off-centre
left-field other

What is a synonym for outstanding performance?

1 celebrated, distinguished, eminent, excellent, exceptional, great, important, impressive, meritorious, pre-eminent, special, stellar (informal) superior, superlative, well-known. 2 arresting, conspicuous, eye-catching, marked, memorable, notable, noteworthy, prominent, salient, signal, striking.

What is a synonym for better performance?

Some common synonyms of improve are ameliorate, better, and help. While all these words mean “to make more acceptable or to bring nearer a standard,” improve and better are general and interchangeable and apply to what can be made better whether it is good or bad.

How do I sue someone for specific performance?

Suing for Specific Performance as a Buyer In order for a buyer to ask the court for specific performance in a contract, the buyer must tender the purchase price of the unique item or prove that proper financing exists in order to move the court to order specific performance on the part of the seller.

Is specific performance fair?

Introduction. Specific performance is an equitable remedy that can be awarded for breach of contract, requiring the party to perform their obligations under the contract. The general principle is that specific performance will only be awarded where damages would not offer a suitable remedy to the claimant.

When can you sue for specific performance?

Sue for Specific Performance In the context of a real estate transaction where the property is unique, it affords a party the opportunity to stand on its rights under the contract and to force a completion of the transaction. For a period of time, it was presumed that specific performance was a given with real estate.

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