Lloyd thinks he has purchased an investment property, but the seller refuses to deliver the title to him. lloyd has met all of his obligations per the written contract that he and the seller signed. he decides to take the seller to court in an effort to force her to hand over the title. of what is this an example

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24-05-2022
Business

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Lloyd thinks he has purchased an investment property, but the seller refuses to deliver the title to him. lloyd has met all of his obligations per the written contract that he and the seller signed. he decides to take the seller to court in an effort to force her to hand over the title. of what is this an example

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jaquelinefvr jaquelinefvr · Answer 1 · 2022-06-06T19:50:44+02:00

Looking at the above case, it is correct to say that by taking the seller to court to force her to surrender the bond, Lloyd is suing for specific performance.

What is specific execution?

Corresponds to a resource that the courts use to compensate a party through a specific resource, such as the conclusion of an act provided for by contract.

Therefore, this is an equitable legal recourse of contract law, which obliges a party to perform contractual obligations set out in advance.

Find out more about contract law here:

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