In page 76 of Atiyah's K-theory, he discussed the possibilities of extending Bott periodicity to the case when $\mathbb{S}^{2}\times X$ is replaced by a fibration over $X$ with structure group $U_{1}$. He quote an example as:
"..In particular let $E=L\oplus 1$ be the sum of a line-bundle $L$ and the trivial-bundle $L$. Then $\mathbb{P}(E)$ has fibre the complex projective line on $\mathbb{S}^{2}$. Moreover on $\mathbb{P}(E)$ we have the natural tautologous line-bundle $H^{*}$. Consider of determinants then shows that, on $\mathbb{P}(E)$, we have an exact sequence $0\rightarrow H^{*}\rightarrow \mathbb{P}^{*}(E)\rightarrow H\otimes p^{*}L\rightarrow 0$ where $p: \mathbb{P}(E)\rightarrow X$ denotes the projection. This exact sequence shows that, in the $K(X)$ module $K(\mathbb{P}(E))$, the element $[H]$ satisfies the relation [E]=[H][L]+[H]^{*}"
This "particular case" was later expanded by Atiyah into a theorem claiming $K(\mathbb{P}(L\oplus 1))$ is generated by $[H]$ and is subject to the single relation $([H]-[1])([H][L]-[1])=0$.
My questions are:
Suppose $H$ is the canonical line bundle over $\mathbb{S}^{2}\cong \mathbb{C}\mathbb{P}_{1}$, how do we get this exact sequence? I know the question is kind of dumb but I do not see how $P(E)$ (I understand as the projectification of the fibre in E) has fibre the complex projective line on $\mathbb{S}^{2}$, since $\mathbb{P}(E)$ is a vector bundle over $X$ and not over $\mathbb{S}^{2}$.
Also I do not understand what Atiyah meant that "consideration of determinants". Someone suggested me that this may mean by applying $\wedge $ operation on the sequence to see they are actually the same; unfortunately the fact I stuck in the former question made me unable to proceed to exterior powers.
I am suspecting that Atiyah actually meant $H$ to be something different, since he used $H^{*}$ for "the tautologous line bundle", it maybe the pull back of some $H$ defined on $X$. But this looks quite unlikely so I decided to ask. Originally I thought this is simply technical but later Atiyah used similar constructions to get incredible results like: $K(X)[t]/\prod^{n}_{i=1}(t-[L^{*}_{i}])\cong K(\mathbb{P}(L_{1}\otimes...\otimes L_{n})$ with $L_{i}$s being line bundles over $X$ and $H$ be "the standard bundle over $\mathbb{P}(L_{1}\otimes...\otimes L_{n})$.
And $K(\mathbb{P}(\mathbb{C}^{n}))\cong \mathbb{Z}[t]/(t-1)^{n}$ under $t\rightarrow H$.
A proof in detail (as I am an undergraduate) would be mostly welcome.