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A man sold goods for immediate payment and then gave a set date for payment. What is the ruling? |
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Kitabul Buyu' [Book of Transactions] -
Sundry Masail
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Question 820) - A man sold goods for immediate payment and then gave a set date for payment. What is the ruling?
A: It becomes a credit sale. Any amount payable for which the creditor grants terms becomes credit; except for loans because time is not factored in them.
~ al-Quduri ~
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