Final answer:
The acceptance was not timely, hence no contract was formed.
Step-by-step explanation:
The legal relationship between Almovar Electronics and Conduit Sales & Service Company can be described as follows:
According to the terms of the offer sent by Almovar Electronics, it stated that it was for "immediate acceptance" and that the terms were "cash, pick up by your carrier at our loading dock and not later than March 15." However, the letter of acceptance from Conduit Sales & Service Company was not mailed until March 12, indicating that it was not timely. Therefore, there was no contract formed between the parties.
The correct answer is D. The acceptance was not timely; hence, no contract was formed.