  The photoproduction p(gamma, K+)Lambda process is studied within a
field-theoretic approach. It is shown that the background contributions
constitute an important part of the reaction dynamics. We compare predictions
obtained with three plausible techniques for dealing with these background
contributions. It appears that the extracted resonance parameters drastically
depend on the applied technique. We investigate the implications of the
corrections to the functional form of the hadronic form factor in the contact
term, recently suggested by Davidson and Workman (Phys. Rev. C 63, 025210). The
role of background contributions and hadronic form factors for the
identification of the quantum numbers of ``missing'' resonances is discussed.
