The Conditional Purchase
Issue No.1813- In a transaction of “Conditional sale”, for example a house worth £2000.00 is sold for £1000.00, and it is agreed that if the seller returns the money within a stipulated period he can cancel the transaction, the transaction is in order, provided that the buyer and the seller had genuine intention of purchase and sale, and if the seller does not return the money within the stipulated period, the commodity will be the buyer’s.
