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,…
Rabbi Yosef Kushner Question: A common question that arises with respect to employees relates to kickbacks. Kickbacks are cases where an employee directs business to a particular vendor, and certain benefits accrue to the employee as a result (e.g. the…
Rav Yosef Kushner Case: We discussed in the previous session how not divulging important information or rationalizing one’s business conduct often serves as a “red flag” that one may need to ask a shaila as to the permissibility of the…
Rav Yosef Kushner Case: In the previous session, we discussed the meaning of the concept of business ethics within secular law as well as business ethics within the realm of halacha. Question: What is the difference between the two, and…
Rabbi Yosef Kushner Question: We hear a lot in the business world today about morals and business ethics. What exactly is business ethics and how does it manifest itself in the world of halacha? Answer: The subject of business ethics…
Rabbi Dovid Grossman Case: In the previous section, we discussed the question of whether it is halachically permitted for a business to attempt to collect receivables. We will now focus on the general question of repaying debts. Question: How…
Rabbi Dovid Grossman Case: Many businesses are struggling due to Covid-19 and do not possess as large a cash flow as they did in the past. One of the avenues sometimes used by these businesses to increase their income is…