Guaranteed Low Prices and Interest: Difference between revisions
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→Purchasing Futures of a Commodity (Poskin Al Hapeirot)
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==Purchasing Futures of a Commodity (Poskin Al Hapeirot)== | ==Purchasing Futures of a Commodity (Poskin Al Hapeirot)== | ||
# A person can borrow money in order to repay it with commodity later if he actually has that commodity.<ref>Shulchan Aruch Y.D. 173:7</ref> | |||
# You can buy gourds that are small in the field when they’ll ripen even if the price is cheaper when you pay now.<ref>Tosfot 64a s.v. ma says that you could buy wine from the vineyard even though it isn’t produced yet as long as you don’t specify how much and just buy everything. Also once the grapes are small it is permitted to buy the wine that will be produced later. That’s similar to buying gourds when they ripen if they’re now small (64a). However, the Nemukei Yosef 43b disagrees on both points. It is forbidden to buy the wine from the vineyard even if you don’t specify an amount since it isn’t produced yet. Also, since no one buys unripe grapes even when they’re unripe it isn’t like they’re relevant to allow buying wine that is produced from them. However, gourds are sometimes sold unripe. Rama 173:10 accepts Nemukei Yosef.</ref> | # You can buy gourds that are small in the field when they’ll ripen even if the price is cheaper when you pay now.<ref>Tosfot 64a s.v. ma says that you could buy wine from the vineyard even though it isn’t produced yet as long as you don’t specify how much and just buy everything. Also once the grapes are small it is permitted to buy the wine that will be produced later. That’s similar to buying gourds when they ripen if they’re now small (64a). However, the Nemukei Yosef 43b disagrees on both points. It is forbidden to buy the wine from the vineyard even if you don’t specify an amount since it isn’t produced yet. Also, since no one buys unripe grapes even when they’re unripe it isn’t like they’re relevant to allow buying wine that is produced from them. However, gourds are sometimes sold unripe. Rama 173:10 accepts Nemukei Yosef.</ref> | ||
# If you specify that if the price goes up then it is an investment and if it goes down it is a loan, that is invalid and is considered a loan with ribbit.<ref>Tosfot b"m 54a s.v iy explains that since a person accepted the achrayut of the money it is certainly a loan.</ref> | # If you specify that if the price goes up then it is an investment and if it goes down it is a loan, that is invalid and is considered a loan with ribbit.<ref>Tosfot b"m 54a s.v iy explains that since a person accepted the achrayut of the money it is certainly a loan.</ref> | ||
