Which of the following is NOT an equitable remedy?

Study for the UBC Real Estate Exam. Access flashcards and multiple choice questions with hints and explanations. Enhance your preparation and ensure success!

Multiple Choice

Which of the following is NOT an equitable remedy?

Explanation:
Equitable remedies aim for fairness by ordering or preventing conduct rather than paying money. Specific performance requires a party to fulfill the contract terms, such as completing a real estate sale. An injunction stops someone from doing something or preserves the existing situation to prevent injustice. Quantum meruit, while less familiar, is a restitution-based remedy used to prevent unjust enrichment when there isn’t a valid contract or its terms aren’t enforceable, and it is typically treated as equitable relief in many real estate and contract contexts. Damages, on the other hand, are monetary compensation awarded for a breach or loss and are considered a legal remedy, not an equitable one. So the option that is not an equitable remedy is damages.

Equitable remedies aim for fairness by ordering or preventing conduct rather than paying money. Specific performance requires a party to fulfill the contract terms, such as completing a real estate sale. An injunction stops someone from doing something or preserves the existing situation to prevent injustice. Quantum meruit, while less familiar, is a restitution-based remedy used to prevent unjust enrichment when there isn’t a valid contract or its terms aren’t enforceable, and it is typically treated as equitable relief in many real estate and contract contexts.

Damages, on the other hand, are monetary compensation awarded for a breach or loss and are considered a legal remedy, not an equitable one. So the option that is not an equitable remedy is damages.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy