Buying and Selling: Ruling on Conditional Sale with Price Subject to Fairness Review

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Conditional Sale with Price Subject to Fairness Review

English:

Question #1548:

An agreement between the seller and the buyer was signed on condition that the price of the goods be settled after a grace period to ascertain whether or not the price was unfair. Is this type of transaction legally valid? And if it is, has the buyer the right to revoke the agreement?

Answer #1548:

There is no harm in concluding the sale on the condition of delayed payment for checking if the price is unfair or not. However, the buyer has no right to revoke the agreement unless unfairness is proven.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Buying and Selling