The term khiyar refers to the option or right of the buyer & seller to rescind a contract of sale. Literally, the word khiyar  denotes a choice on the part of the holder of the right of option, who may either conirm the act or render it void. Legally, khiyar  means the option or right of withdrawal for the parties involved to terminate the legal act unilaterally.. Khiyar Majlis:…