3. Craig has a Barrington Watson original painting for sale for $1M and advised John when he saw him at a meeting on January 10 that if he were interested in purchasing same he should: "....let me know by notice in writing on or before January 30 if you accept the terms of this offer ". John forgot about the meeting and about 4:30 pm on the 28th January, he ran to the post office and posted the letter to Craig. On February 1, Craig sold the painting to Marsha for $2M. John called him just as hi was giving the painting to Marsha and asked him if he got the letter accepting his offer. Craig told him no and that the painting was sold, having not heard from him. John is contemplating suing Craig and has come to you for advice. Advise John. Advise John as follows: 1. Identify the issues arising. 2. Discuss the relevant legal principles and cases that support these principles 3. Apply these principles to the facts above. W 4. Summarise your advice to John