Seller claiming a higher price whilst the purchaser claims a lower price
Question:-
I sold my business to a purchaser for R 280 000.00. One month later he pays me R 250 000.00 stating that the deal was finalized and concluded at R 250 000.00. What recourse do I have since never agreed on R 250 000.00? None of the parties have witnesses to prove their claim.
Answer:-
In the queried scenario, the seller claims a higher price of R280 000.00 whilst the purchaser claims a lower price of R250 000.00. Both parties are unable to present witnesses to support their claim.
The Fuqaha have stated that in such an instance the purchaser will be told, “Either you are pleased with the price that the seller is claiming, otherwise we will cancel the sale.” If the sale is cancelled, then the buyer will have to return the shop in its original state and condition to the seller.
