Question: Based on sale based contract, is the contract valid, void, voidable. Justify your answer : A coin collector sells ancient coins at above value. (Is

Based on sale based contract, is the contract valid, void, voidable. Justify your answer :

  1. A coin collector sells ancient coins at above value. (Is it involve riba)
  2. Ikea staffs will deliver the purchased goods in three days (Is it involve gharar)
  3. A celebrity asks for extra payment (ujrah) from a seller for the product review as she has a million followers on Instagram (Is it involve istighlal)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Ninety-year-old Elvie lives alone on the south side of Boston in a home built in 1925. Elvie suffers a stroke that leaves her with significant physical limitations and difficulty communicating....

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Q:

All questions are to be answered in a short essay form. Structure your answers around the factual basis. 1. Landlord-tenant relationship is a peculiar one. Please discuss legal aspects of this...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

Questions & Problems 1. Explain why the first question a person should ask when getting ready to analyze a contract problem is, "Is this alleged contract a contract for the sale of a good?" 2. What...

Q:

Running Header; VIENNA AGREEMENT Hello , Updated , im ready to work with u sir ? and as I promises u ill send u money Please kindly to amend the search so that it is subject to the following points:...

Q:

Business Law questions Sales, credit, Pledge and specials laws problems 1.)A sold to B the formers horse for P5,000. No date is fixed by the parties for the performance of their respective...

Q:

Respond to the following. Submit journal entries in the Excel Template linked at the bottom of this page and any written segments in the comments function in that spreadsheet. Do not submit two...

Q:

Read the case study about Ben poor communication skills and write a paper about it

Q:

When a customer places an order with Rudys On-Line Office Supplies, a computerised accounting information system (AIS) automatically checks to see whether the customer has exceeded their credit...

Q:

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Q:

2. How do the values of a cultural group influence communication with members of other cultural groups?

Q:

What is the orientation toward time?

Q:

4. How is culture a contested site?