On 3 March 2008,Azman wrote toBenny offering to sell toBenny his yacht, Lightning, for RM1 million. The letter expressly stated that ifBenny did not reply by 10 March 2008, he would be deemed to have accepted the offer.On 9 March 2008,Azman sent a letter toBenny revoking his offer. On 10 March 2008Benny posted a letter toAzman acceptingAzman’s offer.Azman’s letter of revocation reachedBenny on 11 March 2008.Benny’s letter of acceptance reachedAzman on 12 March 2008.Benny wishes to know whether there is a valid contract between him andAzman for the sale and purchase of the yacht, Lightning.Required:AdviseBenny under the law of contract. (10 marks)