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 identify the relevant issue $?$ Explanation of the

appropriate

regulatory and

governance

frameworks? Analysis of the

frameworks to the

particular facts?