Wooten hardware,INC. owns an extra lot adjacent to the main store and the president, MR. Green has decided to sell it. In relation to this, he wrote…

Wooten hardware,INC. owns an extra lot adjacent to the main store and the president, MR. Green has decided to sell it. In relation to this, he wrote the following letter to several interested parties.

Gentlemen: We are sending this notice to several prospective buyers because we are interested in selling the one acre lot adjacent to our main store downtown. If you are interested, Please contact me. To be sincerely interested, you should be thinking in terms of at least $100000. Bob Green, President.

In regard to the letter which of the following is correct?

a) Mr. Green must sell the property to the highest bidder if the offer is over $100000

b) Mr. Green’s letter did not constitute an offer

c) The offer cannot be legally withdrawn for a stated period of time

d) If Bates, one of the prospective buyers, wires acceptance of the $100000, there will be a binding contract.

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