Holwell Securities Ltd v Hughes (1974) On the 19 October 1971 Hughes granted
an option to Holwell Securities to purchase a certain property for £45,000.
Clause 2 of the agreement provided: 'THE said option shall be exercisable by
notice in writing to Hughes at any time within six months from the date
hereof...' On 14 April 1972 Holwell Securities' solicitors wrote to Hughes
accepting his offer to sell his property. The letter accepting Hughes's offer
was lost in the post.
Q Had a contract been formed when the letter was posted on 14 April? No.
Q Had a contract been formed when the letter was posted on 14 April? No.
