Question: 31. Explain the difference between the following situations: a. Louis sells a letter written to her by President Ronald Reagan in 1982 to a collector

31. Explain the difference between the following situations:

a. Louis sells a letter written to her by President Ronald Reagan in 1982 to a collector for $5,000.

b. Louis sells a signed copy of To Kill a Mockingbird, which she purchased for $5 to a collector for $5,000.

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