Corporations and Partnerships with Respect to Ribbit: Difference between revisions
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Corporations and Partnerships with Respect to Ribbit (view source)
Revision as of 04:06, 23 June 2020
, 23 June 2020→Terms and Conditions of the Iska
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====Disputes Between Investor and Agent==== | ====Disputes Between Investor and Agent==== | ||
# The agent claimed that there were profits and gave distributions or dividends to the investor based on those claimed profits. Then after the duration of the investment the agent claims that it was fraud and in fact he did not profit and should only return the capital after deducting the distributions or dividends he made. The halacha is that he is not believed and the investor is entitled to his entire capital since it was given as a profit.<ref>Shulchan Aruch C.M. 81:30, Y.D. 177:20</ref> | # The agent claimed that there were profits and gave distributions or dividends to the investor based on those claimed profits. Then after the duration of the investment the agent claims that it was fraud and in fact he did not profit and should only return the capital after deducting the distributions or dividends he made. The halacha is that he is not believed and the investor is entitled to his entire capital since it was given as a profit.<ref>Shulchan Aruch C.M. 81:30, Y.D. 177:20</ref> | ||
====Rights to Administer the Profits==== | |||
# The agent who has the portion of the profits from the investment on the behalf of the investor may not spend 10% as maaser on a tzedaka of his choice. Doing so isn't his right. Rather he should give the portion of the profits to the investor and he should give the appropriate tzedaka he wishes.<Ref>Rama 177:22</ref> | |||
===Alternate Versions of Iska=== | ===Alternate Versions of Iska=== | ||
