CLASSIFICATION OF SHARIAH CONTRACT

What are the three fundamental principles of Shariah contract?

• The principle of honesty, The principle of transparency, The principle of 'maslaha'

• The principle of fairness, The principle of transparency, The principle of 'maslaha'

• The principle of justice, The principle of transparency, The principle of 'maslaha'

• The principle of justice, The principle of honesty, The principle of 'maslaha'

Which of the following is not an essential element of a valid contract?

• Legal benefit received by one person

• Offer & Acceptance

• Contract Subject Matter

• Consideration

What is the capacity required for a competent party to enter into a contract?

• Age of Majority, Sound judgment, Approval of guardian

• Age of Majority, Sound judgment, Intoxicated person

• Age of Majority, Unsound mind, Approval of guardian

• Age of Majority, Intoxicated person, Approval of guardian

Which of the following is a classification based on the nature of the contract?

• Valid Contract, Invalid Contract, Void Contract

• Unilateral contract, Bilateral contract, Quasi Contract

• Sahih, Fasid, Batil

• Binding Contract, Enforceable Contract, Withheld Contract

What is the consequence of a Fasid contract?

• Substance & descriptions are not syariah compliance

• Fulfill the elements required by law

• Lawful substance but unlawful description

• A sound contract without defect the substances or descriptions

What is a quasi contract?

• A contract that requires consent of the owner of the subject matter

• A contract that is immediately effected

• An obligation that does not originate from a proper verbal agreement

• A contract that requires at least two parties

What is the classification of a contract that is irrevocable and revocable?

• Lazim

• Fasid

• Sahih

• Nafidh

What is the classification of a contract that does not involve any right of the third party?

• Lazim

• Fasid

• Sahih

• Nafidh

What is the classification of a contract that is lawful but needs consent of the owner of the subject matter?

• Fasid

• Sahih

• Lazim

• Mawquf