A deferred sale needs clarity about two separate matters:
1. What amount is due?
2. When is it due?
“50,000 on December 1” answers both. “50,000 around harvest time” may not fix a legally ascertainable due date.
The condition “if the term is known” removes an important ground of contractual dispute.
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Kitab al-Buyu: Offer, Acceptance, Binding Sales and Price Clarity
A deferred sale needs clarity about two separate matters:
1. What amount is due?
2. When is it due?
“50,000 on December 1” answers both. “50,000 around harvest time” may not fix a legally ascertainable due date.
The condition “if the term is known” removes an important ground of contractual dispute.