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Khiyars
Khiyars
KHIYARS
The term khiyar refers to an option or right of the buyer & seller
to rescind a contract of sale.
Therefore, the buyer has the right to return the good in case
where presence of a deficiency is considered a defect in the
market practice and which depreciates the value of the goods.
For example, 'A' buys batteries from 'B'. However, 'A' has the
option to return them to 'B' if the batteries are found to be
defective or not in working condition.
Neither the buyer nor the seller has the sole right to rescind
Chapter # 09: Five Khiyars 103