Beth offers by letter to sell her coin collection for $200 to Jim. Jim pays Beth $20 to hold the offer open for 20 days. On day 5, Beth dies and Jim learns of her death. On day 8, Jim sends a letter to Beths Estate stating that he accepts the offer to purchase the coin collection for $200. Is there a valid agreement?

No because Beths death terminated the offer by operation of law.

No because Jims acceptance was not received by Beth/Beths Estate within 2 days of her death.

Yes.

No because Jim had actual knowledge of Beths death.