Contract Remedies: Specific Situations: Contracts to Buy/Sell PERSONAL PROPERTY

Question 1

What types of remedies are available for breach of K to Buy/Sell PERSONAL PROPERTY?

Answer 1

1. damages

2. specific performance

Question 2

With regards to K to buy/sell PERSONAL PROPERTY, are damages usually an adequate remedy?

Answer 2

Yes

Question 3

With regards to K to buy/sell PERSONAL PROPERTY, when will specific performance be available?

Answer 3

1. if chattel is “unique” (bc one of a kind or impossible to procure replacement)
2. damages are highly speculative (example –> output K’s