5. Answer only one. List the eight ways contracts are discharged by action of the parties or list the monetary and equitable remedies of a breached contract. If you choose the former, give a scenario as an example of this kind of discharge. If you choose the latter, explain mitigation of damages and liquidated damages. 6. List the five agreements that lack consideration and are not valid contracts. Include one scenario. 7. Public policy creates standards of conduct necessary to protect the government, the legal system, and fundamental social values, interests and institutions. List four agreements that are contrary to public policy. Give an example. 8. If a contract is silent regarding a matter, the court may imply these three terms: 9. List the two ways that parties discharge contracts and then list how the contracts are discharged in both categories (Hint: remember your outline for discharge of contracts) 10. Distinguish between impossibility and temporary impossibility. Give an example of both