North Carolina General Statutes 31D-4-407. Remedy for breach of contract to appoint or not to appoint
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The remedy for a power holder’s breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract. ?(2015-205, s. 3(a).)
Terms Used In North Carolina General Statutes 31D-4-407
- 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.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3