Seller owned a vacant garage in his neighborhood, where parking was in high demand. He was thinking of selling it and mentioned this to his neighbor, who expressed interest in buying it. About six months later, Seller sent an e-mail to the neighbor stating, I have decided to sell the garage. I will put it on the market for $150,000. If you are still interested in buying it, could you let me know? On the same day, the neighbor sent a message in reply, stating, Yes. $150,000 is fine. I have the funds available and can close as soon as you are ready. Let me know who will handle the escrow. Has an offer been made herewhy or why not? Has there been an acceptance of the offer, if one has been madewhy or why not?

P.S. Please note that the answer is required in (IRAC) format .1. Issue 2. Rule 3. Analysis 4. Conclusion