Examples of a clear term include 15 November 2026, 45 days after the agreement, or a date the parties can identify precisely.
An unclear term would be “pay when business improves,” since no definite date follows.
The rule concerns granting time after a sale. It does not by itself authorize charging a supplementary profit merely because a payment has been delayed; that is a separate legal question.
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Resale Before Possession, Re-measurement and Price Adjustments
Examples of a clear term include 15 November 2026, 45 days after the agreement, or a date the parties can identify precisely.
An unclear term would be “pay when business improves,” since no definite date follows.
The rule concerns granting time after a sale. It does not by itself authorize charging a supplementary profit merely because a payment has been delayed; that is a separate legal question.