What is the case law in English case Holwell Securities v Hughes?

The case of Holwell Securities Ltd v Hughes is an English contract law case that dealt with the question of when an offer is considered to be revoked under English law. In this case, the Plaintiff, Holwell Securities, made an offer to sell shares to the Defendant, Hughes, which Hughes accepted by post. The Plaintiff then sought to revoke the offer before Hughes had received the acceptance. The question in this case was whether the offer was considered revoked when the Plaintiff sent the revocation, or when Hughes received the revocation. The court held that the offer was considered revoked when Hughes received the revocation, as this was the point at which the revocation became effective and the contract was terminated. This ruling established the principle that in cases involving acceptance by post, an offer is considered revoked when the revocation is received by the offeree, not when the revocation is sent by the offeror. The case of Holwell Securities Ltd v Hughes is an important case in English contract law and is frequently cited in discussions of revocation of offers under English law.