Court Opinion

ID: 9538662
Source: CourtListenerOpinion
Date Created: 2023-08-07 07:39:11.685396+00
Date Added: 2024-06-11T14:58:04.246081
License: Public Domain

SCHAUER, J.
I concur in the judgment and generally in the opinion but for clarity of understanding deem it proper to point out that the option contract with which we are here concerned, grants an option to sell (with a concomitant obligation to purchase), as distinguished from an option to purchase (with a concomitant obligation to sell). No one, by the contract relied on, was required to sell but, conversely, the optionor was obligated, upon demand and tender by the optionee, to purchase, pay for and accept, the stock described at the price fixed, or be liable in damages for breach.