Are decisions made out of anger Halachically binding? By Dayan Yosef Greenwald Occasionally, in the course of business dealings, people can get angry or upset and say or do things they regret later on. Do such actions have legal validity according to Halacha? Let us consider the following example. Someone took a ride in a taxi, and at the conclusion of the trip, he began … [Read more...]

The laws of overcharging or underpaying for real estate or services By Dayan David Grossman, Rosh Bet HaVa'ad Our good friend Sarah has put her house up for sale, and she plans on buying a house in a different area. One realtor has told Sarah that she is willing to sell her a house in that other neighborhood at way below market value. As we have … [Read more...]

The Halachot of overcharging and underpaying By Dayan David Grossman, Rosh Bet HaVaad On her way back from driving her daughter’s carpool, Sarah spotted a yard sale on a side street. An elderly Jewish woman had passed away and her children were eager to sell her house and her belongings. Never one to pass up a bargain, Sarah decided to see what was being offered. She found a … [Read more...]

Debt Settlement in Halacha By Dayan Baruch Meir Levine We all take on too much. Often customers invest in their businesses with the hope that they will be able to advance only to find that the specific venture was not profitable and they are left with a pile of bills. Let us take the example of a customer who had fallen on hard times and had outstanding bills to the tune … [Read more...]

Making or breaking a binding letter of understanding according to Halacha By Dayan Yehoshua Wolfe Businesses cannot run without a sense of certainty that deals or agreements between parties will not be suddenly aborted or changed. To secure this, businesses often rely on a letter of understanding, also known as a letter of intent, which is a formal text, commonly used to … [Read more...]