LessonsRescission by Agreement: Original Price and Loss of GoodsQuiz

Original sale: Rs 80,000. Buyer requests iqalah and the seller proposes only Rs 70,000 as the refund.

Treating the Rs 10,000 reduction as a binding new iqalah price contradicts the chapter's governing rule. A valid iqalah is assessed with reference to the original price.

Mistake: Both parties agreed, so every altered iqalah price must be binding.
Better distinction: Cancellation of the first sale and a separately concluded sale are distinct legal questions.

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Example: proposed smaller refund

Rescission by Agreement: Original Price and Loss of Goods

Original sale: Rs 80,000. Buyer requests iqalah and the seller proposes only Rs 70,000 as the refund.

Treating the Rs 10,000 reduction as a binding new iqalah price contradicts the chapter's governing rule. A valid iqalah is assessed with reference to the original price.

Mistake: Both parties agreed, so every altered iqalah price must be binding.
Better distinction: Cancellation of the first sale and a separately concluded sale are distinct legal questions.