#18 - Aug. 27, 2010, 11:22 p.m.
As others have mentioned, it appears to be that your friend did agree to trade this item to that player. Perhaps not in text, but by putting the item in the trade window and selecting Accept, they were acknowledging that they action they were taking was the correct one, and the other player accepted the offered trade.
Understand that this situation is different from others mentioned - exchange of emblems, deleted items/characters, etc. These are all services that we choose to provide sparingly, and none are guaranteed.