Issue No.1787- If in a private endowment, a serious strife crops up between the persons for whom endowment is made in a way that if the property is not sold there would be fear of mischief occurring or someone's life or property being endangered, in such cases, the property may be sold, and the sale profits should be spent for a purpose most similar to the intention of the person who made the endowment.
Issue No.1790- Writing and signing documents relating to a transaction whether in a notary office, or elsewhere, can replace the verbal formula (and would suffice for it) except for marriage and divorce in which verbal formula is necessary, as an obligatory precaution.
Issue No.1791- At the time of pronouncing the formula of the transaction, both parties involved should intend to establish a transaction. That is, by uttering the above mentioned words, they should seriously intend upon buying and selling. Similarly, in cases where practical trade replace the verbal formula, there should also be the intention of selling and buying. Both natural and legal persons can be owners and can be parties in the contract. Thus a charitable or a non-profit institute, which has a legal personality, does not make any difference from a natural personality in this regard.
Issue No.1792- It will be in order to purchase and sell the dates which have become yellow or red, or the fruit whose flowers have fallen off and their seeds have been formed so that they have put behind them the threat of pests. There is also no harm in selling sour grapes on the vine, in which case, their quantity should be estimated by experts.
Issue No.1793- If a person wants to sell the fruit which is on the tree before its flowers fall, the obligatory precaution is to sell it along with some of the products of the land, e.g., available vegetables.
Issue No.1795- There is no harm in buying and selling the ears of wheat and barley after the seeds are formed. But selling them for wheat and barley is not allowed as an obligatory precaution. Similarly, the product itself can be bought before the ears appear, whether they make a condition that they should remain until it is ripe, or be used only as grass.
Issue No.1797- When something is sold on credit, the period should be clearly specified, and if a date is not fixed, the transaction is void.
Issue No.1798- If a commodity is sold by credit, the seller cannot demand what he has to receive from the buyer before the stipulated period is over. However, if the buyer dies, the seller may claim the amount due to him from the heirs of the dead person, even if the stipulated period is not over.
Issue No.1799- If after the expiry of the stipulated period, the customer cannot pay it, the seller should respite him a period.
Issue No.1800- If a person sells a commodity at a lower cash price, and sells the same commodity by credit at a higher price, for example, if he says, “The price would be such and such in cash and ten percent higher on credit”, and the customer accepts it, there is no harm, and it is not considered as usury.
Issue No.1801- If a person sells a commodity on credit, there is no harm if he reduces his claim later and takes the balance in cash.
Issue No.1802- In-advance payment transaction means that a buyer pays the price of a commodity, and receives it later. Hence, the transaction will be in order, if for example, the buyer says, “I am paying this amount so that I may receive such and such commodity after six months”, and if the seller says, “I have accepted”, it will be sufficient even if no formula is pronounced, and the buyer pays the money with this intention, and the seller takes it.
