If a seller decides NOT to sell a property despite having an executory contract with a buyer, what is the buyer's remedy?

In situations where a seller chooses not to fulfill their obligations under an executory contract with a buyer, the buyer's remedy typically involves suing the seller for specific performance. Specific performance is a legal remedy used in contract law that compels a party to execute the contract according to its precise terms instead of simply seeking monetary damages. This is particularly applicable in real estate transactions where each property is unique, and the buyer is entitled to that specific property as agreed upon in the contract.

Since real estate is often characterized by its unique value, the courts recognize that simply providing monetary compensation does not fully satisfy the buyer's interest. Therefore, the buyer can seek to have the court order the seller to complete the sale as originally agreed upon, enforcing the terms of the contract. This remedy underscores the essential principle in contract law that parties are expected to honor their commitments, particularly in transactions involving significant investments like real estate.

The other remedies offered in the choices do not adequately address the specific legal recourse available to buyers in this scenario. While liquidated damages might provide some restitution, the primary interest of the buyer in real estate sales is to acquire the property itself, which makes specific performance the most fitting remedy here.