1. Explain the rationale behind the passage of the Competition Act.

2. Under what circumstances would a restrictive covenant in the contract for the sale of a business be enforceable? Why is this so, when contracts in restraint of trade are contrary to public policy?

3. Explain the reasoning behind the Common Law rules that limit the capacity of certain persons to bind themselves in contract.

4. Indicate the purpose of a devotion-to-business clause in a contract of employment, and explain the\ under which this type of clause would be enforceable.

5. Why do the courts make certain exceptions to the general rule concerning the capacity of infants to bind themselves in contract?