Rabbi Yehoshua Wolfe Question: We know that a kinyan is required to effectuate a halachic transaction. If so, is one allowed to back out of an agreement before a kinyan is performed? Answer: Normally, a claim that one party retracted…
Rabbi Yehoshua Wolfe Case: One area in which halacha clearly diverges from common law relates to the execution of transactions. According to common law, an agreement between parties is sufficient to finalize the transaction and render it binding upon…
Rabbi Yehoshua Wolfe Case: Two parties arrive at some form of an ambiguous oral agreement. One party later sends a note to the other by text, email, or Whatsapp to confirm the agreement and the second party does not respond. …
Rav Yehoshua Wolfe Case: In negotiations between parties, the process often begins with a term sheet, where an initial agreement is drafted. At a later date, the lawyers will draft the final, formalized version. Question: During the interim agreement,…