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On Friday 10 December the following notice is placed in the window of Ann's art gallery: '2 copies of a very rare Blake print – £15,000 each'. Chas and Dave are very keen to acquire the prints but think that the price is too high.
They each offer Ann £12,000 for a copy but she refuses to sell the prints at that price, although she says she will accept £13,500. She also says she will keep her offer to them open until 12 o'clock on the following
Monday, 13 December, if they each pay her £100. Chas and Dave agree and each hands over £100. On the Saturday before the deadline, Chas and Dave have to leave the country on business but before they do so, each post a letter stating that they agree to buy one of the prints at the agreed price of £13,500. Chas' letter arrives at 9.30 on the Monday morning but Dave's letter is delayed and arrives on the morning of Tuesday 14 December.