Guaranteed Low Prices and Interest: Difference between revisions
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→Future Contracts of Commodities
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# It is permitted to buy a calf and advance the cash and only collect the cow later if the buyer assumes responsibility if the cow dies or depreciates after he pays the money.<ref>Shulchan Aruch Y.D. 173:10</ref> | # It is permitted to buy a calf and advance the cash and only collect the cow later if the buyer assumes responsibility if the cow dies or depreciates after he pays the money.<ref>Shulchan Aruch Y.D. 173:10</ref> | ||
==Contracts with a Delivery Man== | |||
#If one arranges with a middle man to purchase a product for cheap in one location and deliver it to him if he pays in advance there is a concern of interest since the middle man is working for the buyer because of the advanced cash. To permit this one could either take responsibility for the product once the middle man buys it<ref>Shulchan Aruch Y.D. 173:16</ref> or pay the middle man a wage for his work.<ref>Rama 173:16, Shach 173:33</ref> | |||
# If the arrangement is that if the middle man shouldn't use the money for himself then it is permitted since the middle man is merely an agent.<ref>Shach 173:31, Chelkat Binyamin 173:181</ref> | |||
==Future Contracts of Commodities== | ==Future Contracts of Commodities== | ||
# It is forbidden to pay in advance for the later delivery of a commodity since it is possible that the price of the commodity will rise. The two ways to permit this is if the seller has the commodity already or the marketplace price is already fixed.<ref>Shulchan Aruch Y.D. 163:1</ref> | # It is forbidden to pay in advance for the later delivery of a commodity since it is possible that the price of the commodity will rise. The two ways to permit this is if the seller has the commodity already or the marketplace price is already fixed.<ref>Shulchan Aruch Y.D. 163:1</ref> | ||
