1. Banksy completed a mural on the wall of the State Bank building. State Bank is very happy with the work and pays Banksy as agreed. The parties have ____________ their contract by perfect performance.

   		discharged
   		consented
   		breached
   		default
   		substantially performed

2. When the parties in a contract perform the obligations in good faith and complete the contract, the parties are said to have ___________ the contract.

   		discharged
   		breached
   		substantially performed
   		consented
   		defaulted

3. Smith buys an original work of art by Banksy. Banksy breaches the agreement. Which of the following is Smith's probable remedy?

   		Specific performance
   		Liquidated damages
   		Restitution
   		Reformation
   		Consequential damages