No idea to find which Rule of contract law and application for this case , please help me, thanks a lot.
PROBLEM SCENARIO: Please read the scenario below and then answer the question that follows. Daniel owned a rare Harley Davidson motorcycle that he loved to ride. However, due to the CDVlDt pandemic he was out of his job as a marketing manager in a travel company and decided to move to regional MSW tojoin the family farm with his parents. Before moving, he decided to sell the motorcycle. Dne weekend he placed yers advertising it for $3,l}l}l] in the mailboxes of every residence in the apartment building he lived in, as we! as on his Faceboolt page. Peter, who lived in the same building and was a pharmacist by occupation, read the yer after work the next day. He really wanted the motorcycle but wanted to check a few matters with Daniel rst. So he telephoned Daniel on 3 March and said: \"Mate, I'm interested in this bike of yours but can you go lower?" Daniel replied: "Look, there is no way I would go any lower than $29,000 take it or leave it.\" Peter said he would think about it, so Daniel hung up. The next day Peter sent an email: \"Daniel, please understand the delivery costs will be about $1000, then there is insurance of about $25M]. and | haveTto register it widt the government that's at least another $500 so how about you se|[ it to me for, say, $25,l]li?\" Daniel replied by email that the bike was registered for another eight months, equivalent in value to $Tl1l], and that it included several expensive custom parts. If he took the parts o he| might sell it for $25,l]IEIEl, but another buyer had offered him EFLUDEI. Fearing a ick, Peter replied by email: \"Dk, you sell it to them instead.\" Several days went by and Daniel had not been able to sell his motorcycle. So he wrote an email to Peter, saying: \"I'd like to sell you the bike at the amount of $25,00l], provided you pay by cash or direct debit into my bank account. I am leaving the city in T days butl will be back after one month. If i don't hear from you by then I'll assume you don't want it.\" He supplied his bank account details. Peter received and read the email but didn't answer it, thinking this would just build the pressure on Daniel and force him to lower the price. Three weeks later, during a conversation with a motorcycle dealer, Peter came to know that the resale value of Daniel's bike would be much higher in the next few years than the price at which the bike was oered. When he got home, Peter rang Daniel to say he accepted Daniel's offer. Daniel replied: "Sorry, mate, i sold the bike to another bloke. He offered $23,0UU.' Peter got angry and said: \"'I'l'tat's not fairl I will see you in the court." Is there a legally binding contract between Peter and Daniel in relation to the motorcycle
