BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A contractual remedy in which the court orders a party to actually perform its promise as closely as possible, because monetary damages are somehow inadequate to fix the harm. Most commonly ordered in cases involving real property and rare chattels.

Detailed explanation-2: -Specific performance is what happens in a court of law when the terms of a contract have not been fulfilled and monetary damages are determined to be inappropriate or insufficient. Specific performance is an enforcement of a remedy for a breach of contract between two parties, a claimant, and a defendant.

Detailed explanation-3: -In certain cases of breach of a contract, damages may not be an adequate remedy.

Detailed explanation-4: -(2) If, in any such suit, the court decides that specific performance ought not to be granted, but that there is a contract between the parties which has been broken by the defendant, and that the plaintiff is entitled to compensation for that breach, it shall award him such compensation accordingly.