Quiz – Siman 66

Welcome to your Kitzur Quiz - Siman 066

Reuven gave Shimon $100 to invest, on condition that that profits (and losses) be split equally between them. Why is this problematic?

A) Because Shimon may lose money for his work

B) Because the $100 is considered as a loan to Shimon, and Reuven gets ribbis from the profits

C) Because $50 is considered on loan to Shimon, and Shimon works with Reuven's $50 as ribbis for the loan

D) None of the above

None

What is the most fundamental aspect of investing which a heter iska is built on? [A classic investment is where the "investor" gives money to a "trader" to invest for a certain period of time.]

A) Testimony may be required for the trader to collect reimbursement from the investor for losses incurred

B) The trader may be required to take an oath regarding his profits

C) The trader may be required to take an oath for any losses incurred

D) The trader may be required to bring testimony to any profits gained

None

Is one obligated to add to the iska contract that if the investor's money is held beyond the end of the agreed investment term, the investment should be held by the same terms?

Yes

It depends

Machlokes

None

May the investor request a shtar chov from the trader for the amount agreed upon in the shtar iska?

Yes

It depends

Machlokes

None

Avraham is in dire need of money to pay his water bill. May he accept $50 from Yitzchak and write a heter iska that in one month Avraham will pay Yitzchak $75, meanwhile using the original $50 to pay the water bill?

Yes

None

May Reuven give Shimon his cows to raise, on condition that the profits from the animal be split between them (without any other agreements or contracts)?

Yes

It depends

Machlokes

None

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