Monday, November 8, 2021

Fwd: Business Halacha Daily


---------- Forwarded message ---------
From: Bais HaVaad Halacha Center <info@baishavaad.com>
Date: Mon, Nov 8, 2021, 8:28 AM
Subject: Business Halacha Daily
To: <agentemes4@gmail.com>


May a Lawyer Draft a Contract For a Loan That Contains Ribbis?

Case:  Reuven is a lawyer. He is asked to draw up a loan contract between two Jews, and upon reading it, he realizes that the loan contains ribbis

Question: Is he permitted to draft this contract?


CLICK BELOW TO WATCH THE VIDEO
HaRav Chaim Weg

Answer: Ribbis is a unique prohibition. 

When someone cheats or steals from another Jew, he is the lone transgressor of a prohibition. Ribbis is different in that although the lender is usually the only one who gains financially from the interest, he is not the only one who transgresses a prohibition. The borrower is also Biblically prohibited from agreeing to repay a loan with interest.

Furthermore, the Shulchan Aruch says that anyone who helps facilitate a loan with interest transgresses a prohibition as well. This includes a cosigner and any witnesses who sign onto a loan. 

The Shach adds that some opinions say that even the sofer who writes the loan document transgresses a prohibition if the loan contains ribbis. Accordingly, anyone who has any part in bringing the loan to fruition does as well, which would include a lawyer who drafts the contract. Because of this, a lawyer should be very careful to make sure that any document he writes up for a client contains no potential issues of ribbis.

To view past shiurim, please visit baishavaad.org/daily.
If you have any questions related to these shiurim, you can reply directly to this email.
OR SEARCH "BUSINESS HALACHA DAILY" VIA YOUR FAVORITE PODCAST VENUE
Bais HaVaad Halacha Center | 105 River Ave., Building B Suite #301, Lakewood, NJ 08701
Unsubscribe agentemes4@gmail.com
Update Profile | Constant Contact Data Notice
Sent by info@baishavaad.com

No comments: