Buying and Selling: Ruling on Supplier Revoking Agreement After Price Increase

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Supplier Revoking Agreement After Price Increase

English:

Question #1563:

Someone bought a quantity of cement from the factory for a particular price, on the understanding that the supplier would supply the buyer with the cement in batches. After a while, the price of the cement has risen sharply. Has the supplier the right to revoke the agreement and refuse to supply the remaining quantity?

Answer #1563:

After the sale [of the cement] was concluded in a proper and shar‘ī manner, whether for cash, on credit, or even in a prepaid sale, the vendor has no right to annul the contract from one side unless he has the shar‘ī right of annulment.

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