On May 1, Uncle mailed a letter to Nephew that said, “I’m th…
On May 1, Uncle mailed a letter to Nephew that said, “I’m thinking of selling my car. I would consider taking $80,000 for it.” On May 3, Nephew mailed a response that said, “I will buy it for $80,000 cash.” Uncle received the letter on May 5, and on May 6 sent Nephew a note, stating, “Deal.” On May 7, before Nephew received the May 6 note, he phoned Uncle and reported that, he unfortunately just lost his driver’s license due to a DUI, so he could not buy the car. Which of the following is accurate?