A phone sold for Rs 60,000 is completely destroyed. One party proposes replacing it with another phone and calling the first sale cancelled.
The original goods are gone; a replacement object does not automatically turn the proposal into ordinary iqalah of that first item. Any new settlement or exchange must be classified on its own terms.
Not every amicable commercial arrangement is technically iqalah.
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Rescission by Agreement: Original Price and Loss of Goods
A phone sold for Rs 60,000 is completely destroyed. One party proposes replacing it with another phone and calling the first sale cancelled.
The original goods are gone; a replacement object does not automatically turn the proposal into ordinary iqalah of that first item. Any new settlement or exchange must be classified on its own terms.
Not every amicable commercial arrangement is technically iqalah.