It needs to be answered using case law examples and question 2 needs to be answered using IRAC

Assessment Task Detail and Instructions: Question 1 (1000 words) The recording of transactions in this blockchain technology is connected in one block that is secured directly by a computer network. The blockchain itself has several applications such as cryptocurrency and smart contracts. Discuss the benefits and challenges from the adoption of smart contracts in commercial contexts. Question 2 (1000 words) Advise Arthur of the legal consequences in the following three scenarios: A. Arthur sees the following advertisement: For Sale: 5 Samsung Galaxy A13 6.6" 4G Smartphone 4GB RAM 64GB Unlocked Sim-Free - Black B+ 120 each Call Peter: 01231983217 Arthur immediately telephones Peter in response to the advert wishing to purchase one mobile phone and is informed that there are no mobile phones left for sale. Advise Arthur whether Peter is legally bound to fulfil his order. B. Arthur writes a letter to Stella, a neighbour, offering to purchase her wireless Bluetooth microphone for 35. The letter goes on to state, "if I hear nothing from you by Wednesday, I will consider the microphone mine and will come to pay for and collect it on Thursday". Arthur hears nothing from Stella by Thurday and arrives at her house to pick it up with the money but is informed by Stella that is not for sale. Advise Arthur as to whether Stella is legally bound to sell the wireless microphone. C. Jeff writes a letter offering 110 for Arthur's wooden bookcase. Arthur responds to Jeff by letter offering him the bookcase for sale for 150. Jeff telephones Arthur, refusing the offer. Advise Arthur as to whether he can now accept Jeff's original offer of 110. The assessment for this module consists of one element with two questions. You must answer both questions. In both questions, you must use appropriate case law in order to support your answers. In particular, the first part comprises an essay question relating to aspects of the English Legal System. The second part will concern a case scenario where the student is required to apply the law This study source was downloaded by 100000869296232 from CourseHero.com on 07-12-2023 04:32:08 GMT -05:00 ttps://www.coursehero.com/file/178560563/166838-1668192289715pdf/ to a given problem, manage this information and communicate appropriately and effectively their advice to the parties. For Question 1 and 2