Guaranteed Low Prices and Interest: Difference between revisions
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→Contracts with a Delivery Man
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#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 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> | # 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> | ||
# If a retailer gives his wares on credit to a peddler to sell in a place where the price is more expensive and he is going to return the amount that the wares are worth in that expensive place because the peddler can use the money before it is returned for investment, that is an issue of interest. Since the peddler is working on the behalf of the retailer to sell his wares for more money than they're worth where they are, and in return he is being given a loan it is interest. The way to solve this problem is by having the retailer pay<ref>Bet Yosef 173:15 learns from the Rosh that the payment has to be a fair wage for such a delivery man. However, Taz 173:24 holds that it is sufficient to pay a minimal amount as we find by iska. Chelkat Binyamin 173:175 cites both opinions and doesn't resolve it. He also cites the Graz and Chavot Daat who follow the Taz and the Chachmat Adam who quotes both opinions. Avkat Rochel 5 s.v. umaata implies like the Taz.</ref> the peddler for his efforts and also take responsibility for the wares if they are lost, stolen, or otherwise.<ref>Gemara Bava Metsia 72b, Shulchan Aruch Y.D. 173:15</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> | ||
