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Home / Opinion Digests / ‘Fair market value’ insufficient to compel specific performance (access required)

‘Fair market value’ insufficient to compel specific performance (access required)

Where the decedent’s will gave her son an option to purchase real estate devised to her three daughters at “fair market value” within one year of the probate of her will, the term “fair market value” is not a “sufficiently certain price term” to compel specific performance of the purchase option. The will Jeanne Mangano’s will devised ...