On 1st February Tradex Ltd in Suva wrote a letter to Samco Ltd in Samoa offering to sell 100 tonnes of oil at $1.30 per litre (assume 1kg = 1 litre). Samco received this offer letter on 11th February, and accepted it by e-mail on the same day. Having not heard anything back, on 8 th February Tradex Ltd posted a revocation of their offer by letter as oil prices had increased in Suva due to a shortage in supply, and uncertainty in the world oil markets. Samco Ltd received the revocation on 20th February. Advise Samco Ltd and Tradex Ltd on their rights and liabilities in the above situation.

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Refer to relevant cases where appropriate to support your arguments.