2. Offer and Acceptance

On November 1, Amy sent a letter to Peter with whom she had been negotiating a contract to sell all of her law textbooks for HK$10,000. The letter said that unless Peter reply by return mail by November 7, the offer will lapse. Unfortunately, the letter contained an error in the address and was not delivered to Peter until November 6 at 9 a.m. Peter replied at once accepting the offer and posted a letter on November 6 at 12 noon.

On November 4, Candy, knew about the negotiation, whatsapp-ed Amy that her interest to buy her textbooks for HK$8,000. Amy having heard nothing from Peter, telephoned Candy on November 5 and offered the purchase price at HK$9,000. Candy accepted.

Amy sent an email to Peters wife (Linda) on November 6 telling her that the offer of November 1 was withdrawn. This email was received on Lindas computer at 11:00 a.m. on November 6, but was not opened and read by Linda until the next day.

Discuss the contractual rights of Amy, Peter and Candy