LAW UPDATE
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Specific Performance
Restoration of equity and prevention of unjust enrichment in specific performance
Absence of a straitjacket formula for evaluating readiness and willingness
Discretionary and non-equitable nature of specific performance after prolonged passage of time
Impermissibility of forfeiting earnest money when both contracting parties default
Award of lumpsum restitutionary compensation to achieve complete justice
Requirement of proof regarding financial wherewithal on the stipulated due date
Impact of seller's failure to obtain statutory permissions and property conversions
Mandatory refund of advance payments made subsequent to earnest money
Bringing quietus to protracted property litigation through modified appellate decrees
Partial allowance of appeals to achieve balanced judicial outcomes