New Mexico Broker State Practice Exam 2026 – 400 Free Practice Questions to Pass the Exam

"Sue for Specific Performance" refers to a legal remedy in contract law where a party seeks to enforce the exact terms of a contract rather than receiving monetary damages. This situation typically arises when the subject matter of the contract is unique or rare, such as in real estate transactions where the property is considered irreplaceable.

When a court orders specific performance, it compels the breaching party to fulfill their contractual obligations as originally agreed. This remedy is often preferred by a party that cannot easily be compensated by money, especially in cases where the desired outcome cannot simply be bought elsewhere or has substantial personal value.

The other options, such as termination of the contract or requesting financial compensation, do not reflect the concept of specific performance, as they imply ending the contract or seeking monetary damages rather than enforcing the contract's terms. Similarly, renegotiating terms does not align with the idea of fulfilling existing obligations as initially laid out in the contract.