solved 1. Explain the reasoning of the House of Lords in

1. Explain the reasoning of the House of Lords in Etridge v Royal Bank of Scotland. Do you think the approach adopted by the House of Lords is a sensible one? Why (not)?2. Explain the reasoning of the Privy Council in Tai Hing Cotton Mills v Liu Chong Bank.Do you think the approach adopted by the Privy Council is a sensible one? Why (not)?The questions needs to be answered according to the IRAC format.I:Issue (Identifying the facts).R:Rule ( What were the applicable laws in regards to the case )A:Analysis (What was the courts decision and why).C:Conclusion.The answer to one question should not exceed two pages.