Manubhai Premanund vs Keshavji Ramdas on 18 October, 1921
In this connection I would rely on the observations of Beaman J. in Jessiram Jugannath v. Tulsidas Damodar (p. 628):-
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Jessiram Jagannath vs Tulsidas Damodhar on 12 March, 1912
Sukhram vs Baldeodas Manilal on 25 January, 1957
In the Teji-Mandi transactions, which have been very carefully examined by Beaman J., in Jessiram Jugannath v. Tulsidas Damodar, 16 Ind Cas 576 (Bom) (D), one party buys what is known as a double option. For this he pays a certain premium say Rs. 20 per Rs. 100. On the settling day the buyer has the right to declare himself either a seller or a buyer.
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