Need to answer 2 question in this class assignment for business law. Please provide the referencing as well. Each question minimum is 600 words. Maximum is 750 words. Please identify the issue, premise, authority, argument, counter-argument and conclusion. It has to be in UK context.\\\r\n\\\r\n\\\r\n\\\r\nQuestion 1\\\r\n\\\r\n\\\r\n\\\r\nPeter loses her gold chain and locket. He is very upset and places an advertisement in the local newspaper.\\\r\n\\\r\n\\\r\n\\\r\n\"Lost!\\\r\n\\\r\nGold locket and chain.\\\r\n\\\r\nSentimental value.\\\r\n\\\r\nReward of$50 for return of locket and chain.\\\r\n\\\r\nPhone 91234567,\\\r\n\\\r\n1 Titanic road.\\\r\n\\\r\n\\\r\n\\\r\nJohn read the advertisement, find the item and goes directly to Peter house to claims the rewards. Peter refuses saying\" you should have telephone first\"\\\r\n\\\r\n\\\r\n\\\r\nJohn seeks your advice.\\\r\n\\\r\n\\\r\n\\\r\na. is there a binding contact between peter and john?\\\r\n\\\r\n\\\r\n\\\r\nb. would your answer be different if john has not read the advertisement and is told about the reward by peter after she found and returned the item.\\\r\n\\\r\n\\\r\n\\\r\nQuestion 2\\\r\n\\\r\n\\\r\n\\\r\nAdam agreed to by a 1925 Rolls Royce from peter which is a dealer for vintage cars. They entered into a contract which a agreed price of $500K. subsequently peter refused to go through with the contract having heard that another person is on lookout for similar and offering a higher price for this rare car.\\\r\n\\\r\n\\\r\n\\\r\nAdvice adam what remedies are available as a result for this breach of contract.\\\r\n\\\r\n\\\r\n\\\r\nWould your advice be different if the motor vehicle was late model Mercedes Benz instead of a Roll Royce.
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