Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 3-601
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Terms Used In Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 3-601
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
A court may not refuse to specifically enforce a contract on the ground that the party seeking specific enforcement has an adequate remedy in damages unless the party resisting specific enforcement shall:
(1) Prove that the party has property from which the damages may be collected; or
(2) Give bond in an amount to be determined by the court and with security approved by the court, to perform the contract or pay all costs and damages that may be adjudged for breach or nonperformance against the party resisting specific enforcement.