PPT-Islamic Contract & Elements of Valid Sale

Islamic Contract According to Islamic Jurisprudence the three terminologies related to Islamic Contract are Unilateral Promise Wada Bilateral Promis Muwaadah or Muahaidah. Remarks . By Assoc. Prof. Gary F. Bell. Outline: Three parts. Moving forward. For SG. : Withdraw . the . article 95. . reservation. .. . For ASEAN. : Use CISG for harmonisation . of the law of sale . jady hassim. Introduction. Sale of Goods Act, . 1957. s. . 5(2) . Civil Law Act, 1956. English Sale of Goods Act 1893. Unfair Contract Terms Act 1977. Conflict between Contract Act 950 . vs. . s.. . 3 . Contd -. Act Deals with goods. Sec 4(1) – contract of sale – Contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price.. . CONDITIONAL CONTRACTS. :. There are four basic rules for judging the. validity of conditions in a contract: . A condition, which is not against the contract, is a valid condition. . . For example a condition of free delivery to buyer’s premises.. PROF. DR. ZAINAL AZAM ABD. RAHMAN. 1. ISLAMIC CONTRACTS IN TRADITIONAL SETTING. J. urist-discovered . shariah. rules: people are free to seek . fatwas. Dispute settled by . Mujtahid. . qadis. : direct reference to . Oleh:. Dr. Gemala Dewi, SH.,LL.M. Trade or business is a highly respected in the teachings of Islam. Prophet Muhammad is very appreciative of the merchants, even he himself was an activist foreign trade is highly reliable and . Chapter 13: . Sales Contract. OBJECTIVES:. Define sale and explain how the UCC governs the sale of goods.. Explain how the UCC treats unconscionable contracts and contracts of adhesion.. Compare the status of a casual seller with a merchant.. Personal and Business Law. Mr. Ulmer Rm. 112. Definition. Contract. – is any agreement enforceable at law. Elements of a Contract. Offer. Acceptance. Genuine Agreement. Consideration. Capacity. Legality. Offer. . Acceptance. by offeree.. Consideration . : the thing each side bargains for – each side giving, and getting, something.. Sufficient Specificity of Essential Terms . (coalescence of each side’s understanding of the transaction).* . 2. Capacity. Must be able to contract for yourself. Can not . Minors. Mentally Impaired. Sometimes “ Intoxicated”. 3. Social Agreements. I promise to take you to lunch!. Legally binding or not?. Which elements are present & which are missing?. –II. ISLAMIC SALES CONTRACT. Lecturer in charge. RA. . Sarjoon. 01.06.2011. CONTRACT IN ISLAM. SUBJECT . MATTER. CONTRACT. CONTRACTORS. WORDING OF. CONTRACT. Specified . Quantified. Non-restricted. Islamic Contract. According to Islamic Jurisprudence, the three terminologies related to Islamic Contract are:. Unilateral Promise (. Wa’da. ). Bilateral . Promis. ( . Muwa’adah. or . Muahaidah. Assoc. Prof. Dr. Mohamad Akram Laldin. Executive Director, ISRA. 2. 3. Islamic Contracts and Products. Islamic Investment Products. Presentation Outline. 1. Essential Shariah Guidelines. Details. Essential . Available online http://www.meritresearchjournals.org/aaef/index.htm Copyright