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(1) Notwithstanding anything contained in this Act or in any
other law for the time being in force, all options in goods entered into after the date on which this section
comes into force shall be illegal.
(2) Any option in goods which has been entered into before the date on which this section comes into
force and which remains to be performed, whether wholly or in part, after the said date, shall, to that
extent, become void.
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