ExpertEasy1 markMultiple Choice
ACCA · Question 30 · The law of obligations
Section A
Which of the following is an equitable remedy for breach of contract?
Section A
Which of the following is an equitable remedy for breach of contract?
Answer options:
A.
Damages
B.
Specific performance
C.
Action for the price
D.
Repudiation
How to approach this question
Distinguish between common law remedies (money) and equitable remedies (actions).
Full Answer
B.Specific performance✓ Correct
Specific performance is an equitable remedy where the court orders the breaching party to perform their contractual obligations. It is discretionary and usually only granted when damages (the common law remedy) are inadequate, such as in contracts for the sale of unique land.
Common mistakes
Classifying damages as an equitable remedy.
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