1. Why are the non-legal factors in a contractual relationship so important? Why is it important to place contract law in a business context?
2. How important is it to be aware of the law when negotiating a contract? Does it depend on whom you negotiate with? Does it depend on the size and complexity of the contract in question?
3. What is the value of certainty so important to contract law? Does elevating this value lead to unfair results?
4. What risk do negotiators face if they lack knowledge of the rules of contract?
5. What is the justification for changing the traditional common law rule that contractual variations must be supported by fresh consideration? Explain
6. Do you think that the doctrine of promissory estoppel serves a useful purpose? Would it not be easier if the law simply insisted that all contractual variations be supported by consideration?