Business law Assignment, NTU, Singapore: Advise Shang Chi of his legal position. Is he legally obliged to pay the $195 to James for the Ten Rings?

It is now 2 February 202X. IRAC the following questions:

Question 1 (50%): Advise Shang Chi of his legal position. Is he legally obliged to pay the $195 to James for the Ten Rings? Why or why not? Provide as many
relevant legal arguments as you can think of and IRAC them.

Question 2A: Advise Rhodey if he can legally insist that Yelena sells the 35cm Iron Man figurine to him for $500. Why or why not?

Question 2B: Yelena did not hear anything from Rhodey after their conversation in the lift. If Yelena were to insist that Rhodey pays her $700 for the 35cm Iron Man figurine, is Rhodey legally obliged to do so? Why or why not? Provide as many relevant legal arguments that you can think of and IRAC them.

Question 2A + Question 2B = 50%
Note: You do not have to repeat the Rules in a later Answer if you had already stated the Rules in an earlier Answer. However, you have to Analyse the facts against the Rules in the later Answer because the facts in the later Question may differ from the facts in the earlier Question.

Mid-Credits Scene:

12. When Electra turned around to confront the person following her, she saw a well-dressed young man wearing dark sunglasses with a walking stick in his hand. She asked, “Are you sure you are blind?”

Post-Credits Scene:
13. To roaring cheers, the Ringmaster introduced the first of his circus performers: “Our first performer is…Gabriel, the air-walker.”

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