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Once the transaction has been completed, does the buyer have any further options? |
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Question 718) - Once the transaction has been completed, does the buyer have any further options?
A: Yes, if a defect becomes apparent in the goods he bought he has a choice. He may return then or he may take them. The buyer has the same option of returning or accepting as long as he did not see the goods.
~ al-Quduri ~ |
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Why have you mentioned accepting in the gathering? |
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Question 717) - Why have you mentioned accepting in the gathering?
A: When an offer has been made and either moves from the gathering before the acceptance then the offer is void.
~ al-Quduri ~ |
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How is a transaction contracted? |
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Question 715) - How is a transaction contracted?
A: It is contracted by offer and acceptance when both speak in the past tense e.g. one says, "I have sold", and the other says, "I have bought."
~ al-Quduri ~ |
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When one party has made an offer, does it become binding on the other party? |
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Question 716) - When one party has made an offer, does it become binding on the other party?
A: No. When one offers, the other has a choice. He may accept it in the same Majlis [sitting, gathering] or reject it. Once the second party accepts it, it becomes binding. Neither then has a choice.
~ al-Quduri ~ |
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Question 714) - What is Bay' [trade]?
A: An exchange of a commodity for a commodity with the happy consent of the transacting parties.
~ al-Quduri ~ |
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Page 790 of 943 |
