You will absolutely have resource issues with that computer. The video card only has 120MB of dedicated RAM, which is far too little to run the game, even with the basic settings. This means the operating system is going to steal away system RAM for the game, which reduces the amount of system RAM for the game itself.
It gets into a downhill spiral from there. The more game resources needed, usually means more video RAM needed.
Once any given resource is exhausted, the results are never pretty.