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Specific Performance

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Specific Performance

  • This topic has 5 replies, 3 voices, and was last updated 1 year ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • August 20, 2023 at 6:32 pm #690347
    whydoyoucare
    Participant
    • Topics: 50
    • Replies: 46
    • ☆☆

    Which of the following statements about specific performance is NOT true?
    A. It is not available where an injunction would be a more appropriate remedy
    B. It can be granted at the court’s discretion
    C. It can be ordered where the court can supervise the order
    D. It can be ordered where damages would be inadequate

    Thought answer was C, it was actually A.
    1) Is it C because court Dosen’t order specific performance when performance over long time is required Bcz they would need to supervise to ensure it was complied with?
    2) Explain why A is correct?

    August 20, 2023 at 8:14 pm #690357
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    A is correct – it’s easier to tell someone to ‘Stop’ rather than make them do something specific.

    C is wrong because the Court would have no way of making sure that the person / company was performing to the best of their ability.

    How can the Court direct that, say, a footballer should honour her contract to continue to play for Bury FC? If she were to follow that ruling, what would prevent her from consciously playing badly?

    Easier to tell her that she should stop following her intention to sign to play for Ramsbottom FC whilst still under contract to Bury.

    OK?

    November 16, 2023 at 10:24 pm #694988
    JT01
    Participant
    • Topics: 4
    • Replies: 22
    • ☆

    sorry I’m confused , its asking which answer is NOT correct. so wouldn’t it be C (its been a long day, my brain might have switched off )

    November 17, 2023 at 7:14 am #694995
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    Here it is again:

    Which of the following statements about specific performance is NOT true?
    A. It is not available where an injunction would be a more appropriate remedy
    B. It can be granted at the court’s discretion
    C. It can be ordered where the court can supervise the order
    D. It can be ordered where damages would be inadequate

    OK, from the bottom up:

    D – this is true. If damages WERE sufficient, than the equitable remedy would not be ordered

    C – again, this is true. Looked at from the other side, it WON’T be ordered where the Court is unable to supervise – the illustration of a player not performing to the best of their ability when playing for The Shakers

    B – again, true. Like all the equitable remedies, specific performance is a discretionary remedy available to the Courts where a traditional Common Law remedy is not appropriate

    And now, option A:

    Which of the following statements about specific performance is NOT true?
    A. It is not available where an injunction would be a more appropriate remedy

    To the best of my knowledge, there is no inherent ranking preference in the availability of equitable remedies. Where Common Law Damages is inappropriate, the Court can think towards equitable remedies. It may be that specific performance is appropriate, but equally it could be that an injunction is appropriate.

    The Court, in this situation, is faced with either ‘Do it’ or ‘Stop it’ … but either of those would be available. In any particular set of circumstances, it could be that one is more appropriate than another, but that doesn’t necessarily exclude either

    On re-reading my earlier response it seems that I did not fully address the question. I hope this post makes it clearer.

    OK?

    November 17, 2023 at 10:04 am #695002
    JT01
    Participant
    • Topics: 4
    • Replies: 22
    • ☆

    Ahh thank you the penny has dropped , I think the question is naughty though 🙂

    I really enjoy your lectures thank you for your help 🙂

    November 17, 2023 at 10:12 am #695003
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    You’re welcome – and glad to be helping you

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