When a testator provides for a $L,$ uest of his gold watch to his nephew, but the gold watch is not owned by the testator at the time of death:

the bequest to the nephew fails by ademption.

the nephew is entitled to an equivalent amount of cash.

all legacies in the estate abate to provide funds to purchase a gold watch for the nephew.

the executor must purchase a similar gold watch for the nephew if funds are available.