Mortimer wished to sell his antique gold watch. He therefore sent his chauffeur with a note to…

Mortimer wished to sell his antique gold
watch. He therefore sent his chauffeur with a note to Randolf offering to sell
him the watch for 50,000 and asking Randolf to give his reply to the
chauffeur.Being undecided, Randolf did not give his reply to the chauffeur and
sent him back to Mortimer. One hour later Randolf posted a letter to Mortimer
accepting his offer. Has a valid contract come into existence?

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