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Specific performance contract

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 15 U.S. 336 - Colson v. Thompson · 1817Most cited · 116 citing opinions

The contract which is sought to be specifically executed ought not only to be proved, but the terms of it should be so precise as that neither party could reasonably misunderstand them. If the contract be vague or uncertain, or the evidence to establish it be insufficient, a court of equity will not exercise its extraordinary jurisdiction to enforce it, but will leave the party to his legal remedy.