CIMA BA4 · Chapter 11 · Question 3 of 10
Under English law, which of the following is an equitable remedy?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Specific performance
Explanation
Specific performance is an equitable remedy ordering a party to perform its contractual obligations. Equitable remedies are discretionary and are generally granted only where damages would be inadequate, for example in contracts for land or unique goods. Damages and actions for the price are common law remedies.
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