If an offer is made, and the offeror promises not to withdraw it for a specified time, and such promise not to withdraw such offer for the time specified is upon valuable consideration, the offeror has not the right to withdraw such offer during the time specified.1 A reservation by a city of an option to buy a water works, which is reserved in the original grant of the franchise, is irrevocable, although the city is not bound to buy if it does not exercise such option.2 If A leases realty to B, and as part of the same transaction gives to B an option to buy the realty thus leased, such option is for value.3 If

1 Durkee v. Schultz, 122 la 410, 98 N. W. 149; Nolin Milling Co. v. White Grocery Co., 168 Ky. 417, 182 S. W. 191; Thomas Mfg. Co. v. Lyons, 31 S. D. 500, 141 N. W. 391 [affirming judgment on rehearing Thomas Mfg. Co. v. Lyons, 29 S. D. 600, 137 N. W. 340].

2 United States. Baird v. Pratt, 148 Fed. 825, 78 C. C. A. 515, 10 L. R. A. (N.S.) 1116.

Alabama. Holmes v. Bloch, 196 Ala. 322, 71 So. 670.

Arkansas. J. C. Lysle Milling Co. v. Rumph, - Ark. - , 203 S. W. 850.

Georgia. Atlanta Buggy Co. v. Hess Spring & Axle Co., 124 Ga. 338, 4 L. R. A. (N.S.) 431, 52 S. E. 613.

Iowa. Thompson Mfg. Co. v. Perkins, 97 la. 607, 66 N. W. 874.

Illinois. Martin v. Wilms, 61 111. App. 108; Gregg v. Wooliscraft, 52 111. App. 214.

Kansas. Bauman v. McManus, 75 Kan. 106, 89 Ac. 15, 10 L. R. A. (N.S.) 1138.

Kentucky. Nolin Milling Co. v. White Grocery Co., 168 Ky. 417, 182 S. W. 191.

North Dakota. J. L. Owens Co. v. Bemis, 22 N. D. 159, 37 L. R. A. (N.S.) 232, 133 N. W. 59.

3 Gross v. Arnold, 177 111. 575, 52 N. E. 867 [affirming 77 111. App. 33; citing on this point, Stitt v. Huide-kopers, 84 U. S. (17 Wall) 384, 21 L. ed. 644; Lincoln v. Gay, 164 Mass. 537, 49 Am. St. Rep. 480, 42 N. E. 95; McDonald v. Bewick, 51 Mich. 79, 16 N. W. 240; Townsend v. Corning, 23 Wend. (N. Y.) 435; Dodge v. Hopkins, 14 Wis. 630].

4 Bauman v. McManus, 75 Kan. 106, 10 L. R. A. (N.S.) 1138, 89 Ac. 15.

5 Cameron Coal & Mercantile Co. v. Universal Metal Co., 26 Okla. 615, 110 Ac. 720.

1 United States. Stitt v. Huidekopers, 84 U. S. (17 Wall) 384, 21 L. ed. 644; Robson v. Logging Co., 43 Fed. 364; Erie City Iron Works v. Thomas, 139 Fed. 995.

Alabama. Ross v. Parks, 93 Ala. 153, 30 Am. St. Rep. 47, 11 L. R. A. 148, 8 So. 368; Hanna v. Ingram, 93 Ala. 482, 9 So. 621; Linn v. McLean, 80 Ala. 360; Bethea v. McCullough, 195 Ala. 480, 70 So. 680.

California. Hicks v. Christeson, 174 Cal. 712, 164 Ac. 395.

Georgia. Black v. Maddox, 104 6a. 157, 30 S. E. 723; Turman v. Smarr, 145 Ga. 312, 89 S. E. 214.

Illinois. Seyferth v. Groves & S. R. R. Co., 217 111. 483, 75 N. E. 522; Adams v. Peabody Coal Co., 230 111. 469, 82 N. E. 645.

Indiana. Souffrain v. McDonald, 27 Ind. 269; Herrman v. Babcock, 103 Ind. 461, 3 N. E. 142; Connersville Wagon Co. v. McFarlan Carriage Co., 166 Ind. 123, 3 L. R. A. (N.S.) 709, 76 N. E. 294.

Iowa. Western Securities Co. v. Atlee, 168 la. 650, 151 N. W. 56 (obiter).

Maryland. Grabonhorst v. Nicodemus, 42 Md. 236.

Michigan. Solomon Mier Co. v. Had-den, 148 Mich. 488, 111 N. W. 1040; George v. Schuman, - Mich. - , 168 N. W. 486.

Minnesota. Murphy v. Anderson, 128 Minn. 106, 150 N. W. 387; Scott v. T. W. Stevenson Co., 130 Minn. 151, 153 N. W. 316.

Mississippi. Smith v. Cauthen, 98 Miss. 746, 54 So. 844.

Missouri. Tebeau v. Ridge, 261 Mo. 547, L. R. A. 1915C, 367, 170 S. W. 871.

Montana. Teagarden v. Calkins, - Mont. - , 173 Ac. 549.

Nebraska. Rice v. Lincoln & N. W. Ry. Co., 88 Neb. 307, 129 N. W. 425.

New Jersey. Feudtner v. Ross, 74 N. J. Eq. 214, 69 Atl. 190.

Oklahoma. Waters-Pierce Oil Co. v. Progressive Gin Co., - Okla. - , 159 Ac. 349.

Oregon. Manary v. Runyon, 43 Or. 495, 73 Ac. 1028; Stinson v. Hardy, 27 Or. 584, 41 Ac. 116.

Tennessee. Bradford v. Foster, 87 Tenn. 4, 9 S. W. 195.

Virginia. Cummins v. Beavers, 103 Va. 230, 106 Am. St. Rep. 881, 48 S. E. 891; Watkins v. Robertson, 105 Va. 269, 115 Am. St. Rep. 880, 5 L. R. A. (N.S.) 1194, 54 S. E. 33.

West Virginia. Weaver v. Burr, 31 W. Va. 736, 3 L. R. A. 94, 8 S. E. 743.

Wisconsin. Peterson v. Chase, 115 Wis. 239, 91 N. W. 687; Eau Claire v. Eau Claire Water Co., 137 Wis. 517, 119 N. W. 555; Sixta v. Ontonagon Valley Land Co., 148 Wis. 186, 134 N. W. 341.

"If the offer is in writing, for a valuable consideration, and time is given within which it shall stand open for acceptance, such option during the time specified is irrevocable": Black v. Maddox, 104 Ga. 157, 162, 30 S. E. 723.

Wyoming. Frank v. Stratford-Hancock, 13 Wyom. 37, 110 Am. St. Rep. 063, 67 L. R. A. 571, 77 Ac. 134.

For the opposite theory, see The Enforcement of Option Agreements, by Robert L. McWilliams, 1 California Law Review, 222.

2 Eau Claire v. Eau Claire Water Co., 137 Wis. 517, 119 N. W. 555.

3 England. Green v. Law, 22 Beav. 625.

United States. Willard v. Tayloe, 75 U. S. (8 Wall.) 557, 19 L. ed. 501.

California. Hall v. Center, 40 Cal. 63.

Georgia. Walker v. Edmundson, 111 Ga. 454, 36 S. E. 800; Turman v. Smarr, 145 Ga. 312, 89 S. E. 214.

a new lease is given at a higher rental than the original lease by reason of the fact that the new lease contains an option, such option is given for value.4 An option which A gives to B on consideration of B's releasing to A a prior right to buy such property from A's vendor, is irrevocable.5 An option to resell to the original seller, given as part of the original contract of sale is for value and is irrevocable.6 An option to the vendor to repurchase, possesses sufficient consideration if it is a part of the original contract of sale.7 If A sells certain property to B and as part of the same transactions gives to B an option to buy more property, such option is given for value.8 If A sells to B a certain quantity of gasoline with an option on an additional quantity;9 if A sells to B tract X, and as part of such sale A agrees to give to B an option on tract Y;10 or if A sells samples to B, and as a part of such transaction A offers to sell to B additional goods if B orders them, to fill orders which B secures,11 such options are given for value. If A agrees to sell to B such quantity of wheels between five thousand sets and ten thousand sets, as B may order, B is bound to accept and to pay for at least five thousand sets; and such liability is consideration for his option to buy five thousand more sets or any part of such quantity.12 If A conveys property to B in consideration of which B, among other things, agrees to convey certain land to A at A's option, such option is supported by a valuable consideration.13 However, where a contract between A and B, whereby A agrees to do certain specified work for B at a certain specified price, and B agrees to pay. therefor, contains a further provision by which A promises to do certain other work for B at a certain specified price if B requests him so to do, it has been held that such offer is to be treated as an independent offer, and accordingly that it is not supported by B's promise to pay the stipulated price for the remaining work.14 If A joins in a rededication of a tract of land in consideration of which B agrees to widen a certain street on B's land and to give to A the option of buying a certain stfip of land belonging to A, at a price to be fixed by appraisers, such option is given for value and can not be revoked by A.15 A promise by which A agrees to give a right of way over his realty to a railway company in consideration, of which the railway company agrees to take whatever coal A may furnish, not less than a hundred thousand tons a year, gives to A an option for value, which can not be revoked, to furnish such amount over one hundred thousand tons per annum as A might elect to furnish.16 If the offeror agrees to keep his offer open for two days on consideration that the offeree will pay the attorney's fees and expenses of the offeror if the offer is not accepted, the offeror can not revoke such offer during such time.17 An option given in consideration of one dollar and of the services of the holder of the option in listing and advertising such property, is given for value and can not be revoked.18 If A has ordered goods from a sales agent who has promised to deliver such goods, such promise is the acceptance of such order and the consideration therefor; and A can not revoke such order, although the manufacturer who is to furnish such goods has not accepted it19 Conversely, a promise to leave an offer open for a certain though a short period, is a sufficient consideration for a promise to indemnify the offeror against certain expenses.20

Illinois. Marske v. Willard, 169 111. 276, 48 N. E. 290.

Indiana. Herrman v. Babcock, 103 Ind. 461, 3 N. E. 142.

Kansas. Bras v. Sheffield, 49 Kan. 702, 33 Am. St. Rep. 386, 31 Ac. 306.

Kentucky. Bank v. Baumeister, 87 Ky. 6, 7 S. W. 170; Bacon v. Kentucky Cent. Ry. Co., 95 Ky. 373, 25 S. W. 747.

Minnesota. Murphy v. Anderson, 128 Minn. 106, 150 N. W. 387.

Missouri. Tebeau v. Ridge, 261 Mo. 547, L. R. A. 1915C, 367, 170 S. W. 871.

New Jersey. McCormick v. Stephany, 57 N. J. Eq. 257, 41 Atl. 840; McCormick v. Stephany, 61 N. J. Eq. 208, 48 Atl. 25.

Oregon. House v. Jackson, 24 Or. 89, 32 Ac. 1027.

Pennsylvania. Newell's Appeal, 100 Pa. St. 513.

Utah. Tilton v. Sterling Coal & Coke Co., 28 Utah 173, 107 Am. St. Rep. 689, 77 Ac. 758.

4 Swanston v. Clark, 153 Cal. 300, 95 Ac. 1117.

5 Strother v. Miller (Ky.), 124 S. W. 358.

6 Erie City Iron Works v. Thomas, 139 Fed. 995; Hardin v. Case, 134 Ga. 813, 68 S. E. 648.

7 Peterson v. Chase, 115 Wis. 239, 91 N. W. 687.

8 Indiana. Connersville Wagon Co. v. McFarlan Carriage Co., 166 Ind. 123, 3 L. R. A. (N.S.) 709, 76 N. E. 294.

Minnesota. Staples v. O'Neal, 64 Minn. 27, 65 N. W. 1083; Scott v. T. W. Stevenson Co., 130 Minn. 151, 153 N. W. 316.

Nebraska. Rice v. Lincoln & N. W. Ry., 88 Neb. 307, 129 N. W. 425.

Oklahoma. Waters-Pierce Oil Co, v. Progressive Gin Co., - Okla. - , 159 Ac. 349.

Virginia. Smokeless Fuel Co. v. Seaton, 105 Va. 170, 52 S. E. 829.

See on this question, Option Contracts, by Arthur L. Corbin, 23 Yale Law Journal, 641.

9 Water-Pierce Oil Co. v. Progressive Gin Co., - Okla. - , 159 Ac. 349.

10 Rice v. Lincoln & N. W. Ry., 88 Ne,b. 307, 129 N. W. 425.

11 Scott v. T. W. Stevenson Co., 138 Minn. 151, 153 N. W. 316.

12 Connersville Wagon Co. v. Mc-Farlan Carriage Co., 166 Ind. 123, 3 L. R. A. (N.S.) 709, 76 N. E. 204.

13 Hamilton v. Hamilton, 162 Ind. 430, 70 N. E. 535.

14 Lemler v. Bord, 80 Or. 224, 156 Ac. 427.

15 Phelan v. Tomlin, 164 Ala. 383, 51 So. 382.

16 McKell v .Ry. Co., 186 Fed. 39, 108 C. C. A. 141 [affirming 175 Fed. 321, 99 C. C. A. 109].

17 Manary v. Runyon, 43 Or. 495, 73 Ac. 1028.

18 Smith v. Catithen, 98 Miss. 746, 54 So. 844.