The option of what which Depreciates in a day in Imamiyeh
Abstract:
In the case the customer, in sale contracts, does not pay the consideration to the seller within three days since the date of transaction, provided that other conditions are present, the seller will be entitled to the option of delayed payment which enables him to cancel the sale. However, in the case the object of sale is considered among the goods which depreciate within the first three days of the transaction, the seller must be provided with an option prior to the expiry of three days, so that he/she is enabled to compensate the loss by administering the mentioned option. The above-named right of cancellation is known as 'the option of what which depreciates in a day' in Jurisprudence, and is accounted for in the Civil Law; article 409, in the regulations pertaining to the option of delayed payment. The mentioned option is not of an independent nature but an aspect of the option of delayed payment, therefore the entire conditions of its applicability (except for the time period upon which the seller will be entitled to it which is different according to the type of the object of transaction), effects, laws, and regulations are identical to those of the option of delayed payment.
Language:
Persian
Published:
Quranic Studies Quarterly, Volume:2 Issue:8, 2012
Pages:
33 - 52
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