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Thursday 1 April 2010

Contract Between the Parties

Sale of goods under Islamic provision is a Contract between a seller and buyer. For valid Contract it must be an offer and acceptable. The Contract also follows with lawful consideration. There must be a law object and free consent of the parties.
Sales could either be on cash or credit base, but time of credit paid should be fixed. At the time of sale the seller must have the ownership of the goods.

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