The Power to Sell Is Denied in the Following Circumstances

question 46

Multiple Choice

The power to sell is denied in the following circumstances in order to avoid elements of uncertainty Bai' al-Gharar.

• A) things which, as the object of a legal transaction, do not exist.
• B) things which exist but which are not in possession of the seller or the availability of which may not be expected
• C) things which are exchanged on the basis of uncertain delivery and payment.
• D) all of the above

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Definitions:

Inventory Specialist

A professional responsible for managing and overseeing the goods or merchandise available in a company's inventory, ensuring accuracy and optimal stock levels.

Year-end Report

A summary of an organization's financial and operational performance at the end of a fiscal year.

Merchandise

Goods that are bought and sold in any business activity.

Business Environment

Refers to the combination of internal and external factors that influence a company's operating situation, including economic, legal, technological, and competitive aspects.