Which of the following is an option for resolving a breach of contract?

The correct resolution for a breach of contract involves various legal remedies to address the harm caused by the breach. Suing for monetary damages is a common remedy used to compensate the injured party for losses suffered due to the breach. This ensures that the party who breached the contract can be held financially responsible.

In conjunction with monetary damages, a party may also seek specific performance. This remedy compels the breaching party to fulfill their contractual obligations rather than simply awarding damages. Specific performance is particularly relevant in situations where the subject matter of the contract is unique, such as in real estate transactions where simply providing monetary compensation may not be sufficient to remedy the breach, as the unique property cannot be easily replaced.

Both options are valid and can be pursued depending on the context of the breach and the specific goals of the aggrieved party. Thus, having the flexibility to choose either remedy or both provides a comprehensive means of addressing a breach of contract effectively. This multifaceted approach ensures that the injured party has options to seek justice in a manner that best suits the circumstances of the breach.