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What is the legal significance of the following statement. Guthrie offered to sell property that he owned in Santa Barbara County to Luther for $2,000,000.

What is the legal significance of the following statement. Guthrie offered to sell property that he owned in Santa Barbara County to Luther for $2,000,000. Luther's response was the following: "Thank you for your excellent offer. I would like to make some changes including a price reduction but let me think about it for a day or two

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