What is one possible consequence of a contract involving unique property when a breach occurs?

In contract law, when a contract involves unique property, such as real estate or rare collectibles, one of the appropriate legal remedies for breach is specific performance. This remedy compels the breaching party to fulfill their contractual obligations, rather than simply providing monetary compensation for the breach. The rationale behind this is that unique properties are often difficult to value accurately with money because no two items are exactly alike, and monetary damages may not adequately remedy the loss of the unique item.

Specific performance is particularly relevant in cases where the subject matter of the contract has a special value to the non-breaching party, making it essential for them to obtain the actual item or property instead of a cash equivalent. Courts often grant specific performance when monetary damages are insufficient to cover the loss, thus recognizing the special nature of the contract involving unique items.