Anas owned a second-hand motorcycle which he bought for RM5000.00 in cash before the COVID19 outbreak. Due to a tight budget and to cover his credit card debts from his lavish lifestyle, Anas decided to sell the motorcycle. Max expressed interest and offered RM1000.00, which Anas accepted. After Max paid RM1000.00, he informed Anas that he would pick up the motorcycle a week later. The following day, Anas' colleague, Dean, offered to purchase the motorcycle for RM3500.00, which Anas immediately accepted. He later contacted Max informing him that he had sold the motorcycle to Dean and would return the RM1000.00 paid by Max plus RM100.00 as compensation. Max was enraged, insisting that the motorcycle belonged to him already, and he was the one who made the first bid and paid in full. Irritated by Max's responses, Anas replied it was his right as the owner to choose the buyer and that he and Max had no legally binding contract. Furthermore, the price offered by Max was significantly lower than the market value of his motorcycle. Advise all parties concerned of the legal implications of their situations with reference to the Contracts Act 1950 and relevant cases, Analyse and answer the question following the IRAC format.