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📌Shiavault - a Vault of Shia Islamic Books Islamic Laws of Ayatullah Khui Promissory Notes As transaction relating to pronotes and key money are prevalent among the people and have become the cause of confusion among the common man and questions are often asked about their admissibility, we have considered it necessary to write on this subject in detail and to place orders in this behalf at the disposal of the people at the end of this book. 2840.

It has been said by well-known scholars that in all the transactions which are in the shape of business (purchase and sale) it is necessary that the things on both the sides should have value, because if one of the two things does not carry any value the transaction will be futile and void. For example, if a person sells one grain of barley, which has no value for $ 50, the transaction will be void.

However, what is apparent is this that if a personal motive is involved in a transaction it does not become futile. For example, a person may be desirous of getting his father's letter and that letter is with some other person and has no value. In case, therefore, that person purchases his father's letter on payment of a price the transaction will not be futile. Moreover, there is no proof of the fact that a futile transaction is void.

On the other hand what is void is the transaction made by a prodigal (a person who spends his wealth on absurd thins) as has already been explained at its place. 2841. The value of property is of two kinds: (i) That the property intrinsically possesses benefits and qualities on account of which people are inclined to it and it acquires value for this reason, such as things which are eaten and drunk, and carpets, utensils, different kinds of gems etc.

(ii) That the property has no intrinsic value and merit, but its value is nominal; for example postage stamps and similar other stamps the price of which has been fixed by government as $ 1 or more or less than that and they are used for being affixed on letters and on applications submitted to customs and courts and are accepted by the registrar's office for the registration of transactions and it is for this reason that they acquire value.

And whenever government wishes to deprive them of their value it affixes the stamp of cancellation on them and deprives them of their value. 2842. The commodities which concern a business transaction or debt are of two kinds: (i) Those which are measured and weighed.

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