Specific Performance Is an Equitable Remedy That Requires the Breaching

question 6

True/False

Specific performance is an equitable remedy that requires the breaching party to perform his or her part of the contract.

---

Definitions:

Petty Cash Account

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Cash Over and Short

An accounting discrepancy representing a minor difference between the actual amount of cash on hand and the recorded amount.

Miscellaneous Expenses

Expenses that don't fit into any standard category of the business's budget, often small or irregular costs.

Invoice

A document issued by a seller to a buyer that itemizes a transaction and requests payment for goods or services provided.