Neco 2021 Islamic Religious Studies Question 29

Practice objective / multiple choice question 29 from the 2021 Neco Islamic Religious Studies examination.

Neco 2021 Islamic Religious Studies Objective / Multiple Choice Medium Difficulty
Question 29 NECO • 2021 • ISLAMIC_RELIGIOUS_STUDIES • objective

A seller agrees to sell a goat for ₦10,000 on the condition that the buyer pays ₦5,000 on delivery and the remaining ₦5,000 within 30 days. The buyer instead pays the full ₦10,000 on the 10th day after delivery. The buyer later claims the contract is void because the payment schedule was not followed. Is the contract valid, and what remedy, if any, is available to the buyer under Islamic commercial law?

Answer Options

A. The contract is valid; the buyer may claim a refund of the excess amount paid early.
Correct Answer B. The contract is valid; the buyer has no remedy and the seller keeps the full price.
C. The contract is void; the buyer can recover the full price paid.
D. The contract is void due to breach of payment terms; the seller must return the entire amount.
Correct Answer
B
Correct Option:
The contract is valid; the buyer has no remedy and the seller keeps the full price.

About This Question

This is Neco 2021 Islamic Religious Studies Question 29. It is one of the objective questions from the 2021 Neco Islamic Religious Studies examination.

Difficulty level: Medium .

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