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100 tons of Grade A Mango harvest is expected to take place in mid July 2020. Are the following independent transactions valid Salam contracts between
- 100 tons of Grade A Mango harvest is expected to take place in mid July 2020. Are the following independent transactions valid Salam contracts between the farmers and Faysal Islamic? Please state the reason for your answer. All Salam contracts are executed 0n June 15, 2020. Delivery date for all the contracts is Aug 01, 2020 and Grade A Mangoes will be available in the market from July 2020 to Sep 2020. [8]
- Selling out all Grade A Mangoes (whatever quantity harvested) for a specified price with complete payment made in advance
Answer:
- Selling out 100 tons of Grade A Mangoes coming out of a particular agricultural land for a specified price with complete payment made in two installments beginning next month
Answer:
- Selling out 80 tons of Grade A Mangoes for a specified price with complete advance payment
Answer:
- Selling out 90 tons of Grade A mangoes for a specified price with complete advance payment and to be delivered in full at the Farmers specific and identified warehouse.
Answer:
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
