Hello! In the case study you referenced, John is trying to sell his bike, and Emily is willing to buy it. John put up a $2,000 advertisement on the internet. When Emily reached out to him with an offer of $1,600 for the bike, John responded with a bid of $1,800. John chose to sell the bike to Michael instead after receiving a higher offer of $2,200 from another person. Emily believes she had a legitimate contract with John and was informed later. To analyze this situation, one must look at the rules of offer and acceptance. John's advertisement in this case appears to be an invitation to treat, as it solicits offers from prospective buyers. Explanation: John countered with a new offer of $1,800, which can be seen as a rejection of Emily's first offer of $1,600, which Emily had made. This can be seen as Emily accepting John's invitation. please indentify the relevant issue? Explanation of the appropriate regulatory and governance frameworks? Analysis of the frameworks to the particular facts?

Hello! In the case study you referenced, John is trying to sell his bike, and Emily is willing to buy it. John put up a $2,000 advertisement on the internet. When Emily reached out to him with an offer of $1,600 for the bike, John responded with a bid of $1,800. John chose to sell the bike to Michael instead after receiving a higher offer of $2,200 from another person. Emily believes she had a legitimate contract with John and was informed later. To analyze this situation, one must look at the rules of offer and acceptance. John's advertisement in this case appears to be an invitation to treat, as it solicits offers from prospective buyers. Explanation: John countered with a new offer of $1,800, which can be seen as a rejection of Emily's first offer of $1,600, which Emily had made. This can be seen as Emily accepting John's invitation. please indentify the relevant issue? Explanation of the appropriate regulatory and governance frameworks? Analysis of the frameworks to the particular facts?