Gull-f IE \"I": UI \"IE UMHGDI UI IIII IE GUULIUTIII IH wllerIlD- III I.I I'D "1." ILI- HEIDI- El ILI WIIDI-D \"I all lypua GIG ill-HIE W IIUP UI IIIIIEI put up something for sale, and sell itl BasicallyI the Iili'ay it works Is that you find something you want to bid on, plane a bid on it, and wait to see if your bid wins. If it citiesI you send your information to the sellerI and in returnI he or she sends you your goods. Is an eBay auction a legallybinding contract? In a minimum of one words, consider whether a bid placed In an onllne auction on eBay Is legally binding and. therefore. enforceable. Explain your reasoning using the elem ents of contract analysis that you have learned thus far. including valid offer, yalid acceptance, and the various forms of consideration