Corporations and Partnerships with Respect to Ribbit: Difference between revisions
From Halachipedia
Corporations and Partnerships with Respect to Ribbit (view source)
Revision as of 18:57, 13 July 2020
, 13 July 2020→Rights of the Investor to His Profits
| Line 105: | Line 105: | ||
# The investor is entitled to his profits before any creditor of the agent can collect them. This is provided that there is a clear proof with witnesses as to the whereabouts of the investment.<ref>Shulchan Aruch Y.D. 177:31</ref> | # The investor is entitled to his profits before any creditor of the agent can collect them. This is provided that there is a clear proof with witnesses as to the whereabouts of the investment.<ref>Shulchan Aruch Y.D. 177:31</ref> | ||
# If the agent wrongly gifted the profits of the investment to other people the agent is obligated to pay the investor and if he can't then the receipts of the gifts are obligated to pay the money back to the investor since it is his investment and his profits. (This type of scenario is possible in a Ponzi scheme.)<ref>Shulchan Aruch Y.D. 177:32, Shach 177:60, Chelkat Binyamin 177:256. See there for more details.</ref> | # If the agent wrongly gifted the profits of the investment to other people the agent is obligated to pay the investor and if he can't then the receipts of the gifts are obligated to pay the money back to the investor since it is his investment and his profits. (This type of scenario is possible in a Ponzi scheme.)<ref>Shulchan Aruch Y.D. 177:32, Shach 177:60, Chelkat Binyamin 177:256. See there for more details.</ref> | ||
====Multiple Iska Arrangements==== | |||
#If someone does multiple iska arrangements with another person and each one has a separate document then they judged separately for purposes of calculating gains and losses. If multiple investments over time are included in one document they are all judged as one iska arrangement.<ref>Gemara Bava Metsia 105a, Rambam Sheluchin Vshutfin 7:3, Tur and Shulchan Aruch Y.D. 177:33</ref> | |||
===Alternate Versions of Iska=== | ===Alternate Versions of Iska=== | ||
