The Difference Between the Option of Excessive Loss and the Option of Deception Regarding the Price

Question:
He says: Honorable Shaykh, may Allah grant you success, what is the difference between the option of excessive loss (ghabn) and the option of deception regarding the price?

Answer:
Because there is a difference. In the case of excessive loss, a person buys a commodity and it turns out that he has been subjected to a severe loss; he has the option of excessive loss. As for deception regarding the price, that is when the seller informs him that he bought it for such-and-such amount and sells it to him at the same price he bought it for. He says, "I bought it for one hundred riyals, I will give it to you for one hundred riyals." It turns out that he bought it for less. It becomes clear that he bought it for less than what he stated, so he has the option in that case. If it becomes clear that he bought it for less than what he informed him of, he has the option. Yes.