Iverson Jewelers wrote a letter to Miller, "We have received an exceptionally fine self-winding Rolex watch which we will sell to you at a very favorable price."
a. The letter is an offer to sell.
b. A valid offer cannot be made by letter.
c. The letter contains a valid offer which will terminate within a reasonable time.
d. The letter lacks one of the essential elements of an offer.
Answer: d. The letter lacks one of the essential elements of an offer.
Business
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