A seller sent a buyer a letter in which she offered to sell property for $85,000 cash by a special warranty deed. The buyer sent a letter back to the seller stating, 'I accept your offer at $85,000 cash, but you must convey with a general warranty deed.' Which of the following is true about the buyer's letter?

This choice incorrectly categorizes the buyer's response as an acceptance. An acceptance must mirror the terms of the original offer exactly; since the buyer imposed a new condition regarding the type of deed, this cannot be considered an acceptance but rather a rejection and counteroffer.

This choice mischaracterizes the buyer's letter as a mere inquiry. The letter clearly communicates the buyer's intent to reject the original offer and propose a new term, which carries legal implications. Therefore, it is not an inquiry but a definitive response that alters the offer's terms.

This choice suggests the creation of an implied contract, which is incorrect in this context. An implied contract arises from actions or circumstances rather than explicit terms. Since the buyer's letter modifies the original offer, it does not lead to an implied contract, but rather a counteroffer situation.