BUSINESS MADE EASY pdf download

Business Made Easy – Some laws governing business -Translated by Mufti Afzal Hossen Elias

BUSINESS MADE EASY

Some book Contents

• The invalidation of a rental agreement
• Faasid agreements due to conditions
• Condition of option in rental agreement
• No:  Partnerships
• No 16. Silent partnership (mudhaarabah
• Some laws governing business
• The Importance and Necessity of Wealth
• Itis Fardh to Earn a Lawful Living
• The Reward for Spending on One’s Family
• What is the Best Form of Earning?
• The Islamic Principles of Trade
• Invalid Transactions
• The Instruction to Adopt Honesty and
• Trustworthiness in Business Dealings.

Q-2: How is a sale contracted? Ans: A sale is contracted with offer and acceptance, which is effected in the past tense (i.e .the words used for offer and acceptance is to be in the past tense). It will be as though one of the transactors (contractors) is saying: ‘I sold (this article) to you’ and the other is saying: ‘have bought it from you’, Q-3:

If one of the transactors stipulates the sale (by making an offer or acceptance), will the sale then be binding upon the other person? Ans: A sale is not binding by offer (or acceptance) alone.

In fact, it will only be binding if both, the offer and acceptance are affected.

If one of the contracting parties places an offer of sale, then the other has a choice, if he pleases, he may accept or reject during that same sitting. If he accepts then the sale will be binding.

 In the case of acceptance, neither of the parties will have a choice (of rescinding the sale).