The World Federation One Stop Fiqh
Search
Menu

Ruling 2135

If the buyer does not know the price of the commodity or is unmindful of it at the time of the transaction and buys it for a price that is higher than its normal price, then, in the event that he buys it for a significantly inflated price, he can annul the transaction. Of course, this is on condition that at the time of annulling the transaction he is still being cheated; otherwise, the right to annul is problematic [i.e. based on obligatory precaution, he does not have the right to annul]. Similarly, if the seller does not know the commodity’s price or is unmindful of it at the time of the transaction and sells it for a price that is lower than its normal price, then, in case he sells it for a significantly deflated price, he can annul the transaction on the same condition mentioned previously.