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    On Friday 25 November, buyer sends a telex to seller offering to buy 1,000 tons of sugar at the current market price. The telex is received in seller’s office after a short delay at 5pm. Since the telex operator has gone home for the weekend, seller posts a letter in the last post on Friday, accepting the offer. This reaches buyer at 2:30pm on Monday 28 November. Meanwhile at 9:30am on 28 November buyer sends a further telex to seller withdrawing his offer. This reaches seller and is read by him immediately at 9:45am on 28 November. Seller now seeks your advice.

    Advise seller.
 
 
 
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