How Is Specific Performance Used as an Equitable Remedy for a Nonbreaching

question 63

Essay

How is specific performance used as an equitable remedy for a nonbreaching party to a contract?

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Definitions:

Restrictions

Limitations or conditions imposed on activities, operations, or behaviors to regulate them legally or socially.

Condition Precedent

A contractual clause that requires certain conditions to be met before the contract becomes legally binding.

Condition Subsequent

A specific condition in a contract that, when it occurs, ends the contract's obligations.

Exemption Clause

A contract term that limits the liability of one party under certain circumstances, often found in terms and conditions.