CIPS Exam L5M3 Topic 1 Question 19 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 19
Topic #: 1

[All L5M3 Questions]

Which of the following statements about 'Specific Performance' are TRUE? Select TWO.

AOrders for Specific Performance can be a lengthy and costly process

BOrders for Specific Performance can be a cheap and quick way to remedy a breach in contract

CIf a party is ordered to complete a 'Specific Performance' and doesn't, they can be ar-rested

DThe innocent party must mitigate all losses

Show Suggested Answer

Suggested Answer: A

1 is the correct answer. This is a direct quote from p. 104 of the study guide.

by Jerry at Dec 22, 2023, 08:49 PM

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Freeman

30 days ago

Wait, they can arrest you for not doing a specific performance? That's like something out of a bad legal thriller. I guess it's true, though - the courts can get pretty serious about enforcing those orders.

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Ulysses

1 months ago

I think the key is understanding that specific performance is an equitable remedy, not a legal one. So B is definitely wrong, and D is only partially true. A and C seem to be the most accurate statements.

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Annabelle

1 months ago

Haha, I can just imagine someone getting arrested for not completing a specific performance. That would be quite a spectacle! But in all seriousness, A and C seem to be the best answers here.

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Willow

1 months ago

I'm not so sure about B. Specific performance is usually a last resort, not a 'cheap and quick' solution. And D doesn't sound right either - the innocent party has a duty to mitigate losses, but that's a separate issue.

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Cordelia

10 days ago

C) If a party is ordered to complete a 'Specific Performance' and doesn't, they can be arrested

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Jill

14 days ago

A) Orders for Specific Performance can be a lengthy and costly process

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2 months ago

I think A and C are true.

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