Buying and Selling: Ruling on Revoking a Sale Due to Seller’s Profit Margin

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Revoking a Sale Due to Seller’s Profit Margin

English:

Question #1569:

A person bought an item of merchandise from another. He paid the vendor a down payment. The buyer sold the goods to another person for a profit and gave it to him. When the new buyer knew how much profit the first buyer made, he changed his mind. Is he justified in revoking the sale?

Answer #1569:

If there is something which gives the second buyer the right to revoke, he has the right of cancellation. Otherwise, it is not permissible for him to do so.

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