How Do You Spell SPECIFIC PERFORMANCE?

1. Specific performance is a legal remedy that can be sought in a court of law in order to enforce a contract. It is a type of equitable relief and is granted when monetary damages are insufficient or impractical to provide full compensation to the non-breaching party.

   Specific performance requires the breaching party to fulfill their contractual obligations as stated in the agreement. It aims to put the non-breaching party in the position they would have been in had the breach not occurred. This remedy is typically used in cases involving unique or rare items, real estate, or contracts for personal services.

   This legal recourse is only awarded if certain conditions are met. Firstly, the subject matter of the contract must be specific and identifiable. Additionally, monetary damages are deemed inadequate, meaning that they cannot adequately compensate for the losses suffered by the non-breaching party. Furthermore, the court must have the ability to enforce specific performance, meaning that it has the means to ensure that the breaching party carries out their obligations.

   The court will carefully consider the circumstances, equities, and feasibility of granting specific performance before making a decision. If specific performance is ordered but the breaching party still fails to comply, they can face further legal consequences, such as contempt of court charges or monetary penalties.

   Overall, specific performance is a legal remedy aimed at enforcing contracts that are not adequately satisfied by monetary damages alone, ensuring that the non-breaching party receives the exact performance they were promised.

Common Misspellings for SPECIFIC PERFORMANCE

The word "specific performance" originated from the combination of two separate words: "specific" and "performance".

- Specific: The word "specific" traces its roots back to the Latin word "specificus", which means "particular" or "distinct". It entered the English language around the early 17th century, indicating something detailed, precise, or explicit.

- Performance: The word "performance" comes from the Latin word "performare", meaning "to carry out". It made its way into English during the late 14th century, referring to the act of executing or accomplishing a task.

When these two words are combined, "specific performance" refers to the act of fulfilling a contractual obligation precisely and according to its specific terms.