Jerry built a $3,000-$square$-$foot home for Aluna for $$350,000.$ There was a "Time is of the essence" clause in the construction contract. On the day of settlement, Jerry had NOT yet screened the porch, and he had primed, but NOT painted, the trim in the master bathroom. What is Jerry entitled to receive in payment?

Nothing, he breached a material condition of the contract.

Jerry substantially performed the contract and is entitled to the full $$350,000$ contract price.

Jerry substantially performed the contract and is entitled to $$350,000,$ less the amount it will cost Aluna to have the work finished.

Jerry will be able to recover in quantum meruit, but only the fair value of the services, not the contract price.