Question
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.
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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
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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
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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
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