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You receive a letter from ABC Company which makes an offer of employment to you for your services for one year for $50,000.You respond in

You receive a letter from ABC Company which makes an offer of employment to

you for your services for one year for $50,000.You respond in writing by saying "I

like your offer and would accept for $55,000."You hear nothing in response to your

letter so after 10 days you write another letter which states "I accept your offer of

$50,000."Is there a contract?If so, why?If not, why not?

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