There are six conditions of Advance Payment Contract

2120. Advanced payment contract consist of six conditions:

First: The characteristic, due to which the price of a commodity may vary, should be specified. However, it is not necessary to be very precise, it will be sufficient if the people say that ‘its particulars are known’. Therefore, the advanced payment contract is void in case of bread, meat, hide of animals and the likes of them as their characteristics cannot be specified.