Learning Goal: I’m working on a business question and need guidance to help me l

Learning Goal: I’m working on a business question and need guidance to help me learn.
Arnold intends to sell his bicycle for $ 100 to Betty . He sends an email to Betty Betty receives the email and replies by SMS that she would buy it only if he is willing to sell it for $ 80 . Arnold receives the SMS and decides to reply by letter to Betty . He posts the letter of acceptance on Monday . Unfortunately , the letter takes longer than usual . In the meantime , because Betty did not receive any reply to her SMS , she decides to send another SMS telling Arnold that she is not interested in the phone anymore . Arnold receives the SMS on Thursday . The letter that Arnold posted finally arrives on Friday to Betty after she had sent her SMS to Arnold .
a ) Is Betty’s SMS to Arnold , stating that she would buy for $ 80 , a counter – offer , an acceptance or a request for more information Discuss
b ) Does the postal rule of acceptance apply to Amold’s letter to Betty ? Discuss the postal rule and its effects in this case .
c ) Discuss the legal effect of Betty’s email stating that she is not interested in buying the bicycle . What are the other ways by which an offer may be terminated ?

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