Issue No.1820- If a seller informs the buyer about the purchase price of a commodity and he intends to transact based on it, he should inform him about all factors which would affect the rise or fall in the price of the commodity, for example, he should say that he has bought it at this price in cash or on credit (whether he sells it at the same price or at a price less or more than that).
Issue No.1822- If a butcher sells the meat of a female animal for a male animal, in case he specifies the meat and says, "I am selling this meat of a male animal", the buyer may terminate the transaction, and if he does not specify it, the buyer has the right to return the meat and get the meat of a male animal instead.
Issue No.1823- If a buyer tells the draper that he wants a cloth of fast colour, and the draper sells him a cloth whose colour fades, the buyer may terminate the transaction.
Issue No.1824- Taking oath in the matter of transaction is makrūh, if it is true, and haram, if it is false.
Issue No.1826- If some persons enter into a partnership in the wages they earn – for example, if a number of brokers agree mutually that they would divide between themselves whatever wages they earn, this partnership is not in order.
Issue No.1828- The persons who intend to enter into a partnership must be mature and sane, and should have the intention and freedom in the matter of partnership. They should also be able to exercise discretion over their properties. Hence, if a mentally incompetent person who has no right of disposal over his property and spends his wealth prodigally, enters into a partnership, it is not in order.
Issue No.1830- Partners will get profit and loss in proportion to their capital, unless a specific condition has been stipulated in the agreement of the partnership. Therefore, share of the profit or loss of the one whose capital is twice as much as the others, will also be twice as much as the rest. However, if they agree that their share of benefit or loss would be equal, there is no problem in it.
Issue No.1831- In the agreement of the partnership, they can lay down a condition that both the partners will buy and sell together, or each of them may conclude transactions individually, or only one of them may conclude transactions. In any case, they should act according to the agreement reached between them. However, in case nothing is specified, neither of them can conclude any transactions with the capital, without the permission of the other.
Issue No.1832- The person who has been given the right of discretion over the capital of the partnership for concluding transactions, should act precisely according to the agreement and the conditions. For example, if it is agreed that he will not sell on credit, or will not buy from a particular institution or company, or will get collateral against credits, he should act according to the agreement. However, if no such agreements are made with him, he should conclude transactions in the ordinary and usual manner.
Issue No.1833- If the person who transacts business with the capital of the partnership, buys and sells contrary to the agreement made with him, and results in a loss, he will be responsible. Also, if no particular agreement has been made with him, and he concludes the transaction contrary to the usual manner, he will still be responsible.
Issue No.1834- If the person who trades with the capital of the partnership does not go beyond the bounds of his authority, nor is he negligent in looking after the capital, yet unexpectedly the entire capital or a part of it perishes, he is not responsible.
Issue No.1836- Partnership is binding. That is to say, neither of the two parties can cancel the agreement by himself, nor can he demand that the capital invested in the partnership should be divided before the expiry of the period fixed for the partnership, unless such a right had been preserved for him in the agreement.
