The ruling on reserving Gold (i.e., putting it on 'lay-away') by paying some of its Price

Question :

What is the ruling on reserving gold by paying some of its price and securing it with the merchant until the complete price is paid (i.e., putting it on 'lay-away')?

Answer:

This is not permissible because if the merchant sells it, the sale necessitates that its possession transfers from the seller to the buyer, and this is not permissible. Rather, the price must be received in full. Then, if the buyer wants he may leave it with him or he may take it. Yes, if he (the merchant) makes an offer to him, but he does not sell it to him, then he goes and comes back with the rest of the money and thereafter they finalize the sale and the money is received after that, then this is permissible, because the sale agreement didn't occur until after the money was given.

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