Pickering v. Cease

Citations

• 79 Ill. 328

Syllabus

<p>Optional contracts. A contract for the sale and future delivery of grain, by which the seller has the privilege of delivering or not delivering, and the buyer the privilege of calling or not calling for the grain, just as they chose, and which, on its maturity, is to be filled by adjusting the differences in the market value, is but an optional contract in the most objectionable sense, and, being in the nature of a gambling transaction, the law will not tolerate it;</p>