Legal document: ENA 4011.56

Legal document ENA 4011.56

Tags

Input date

In PGP since 2017

Description

Legal document. Partnership record. Dated 1125. Settlement of a dispute of two partners in a bakery concerning the repayment of depleted partnership capital. The creditor, Abū al-Riḍā ha-Shomer, loaned funds to the partnership as a corporation but not to the partners as individuals. Although the two partners contracted to work the same amount and to share profits and losses equally, the partnership lacks sufficient funds to repay the loan. Abū al-Riḍā asks the partners to demand the “oath of partners” each from the other, and himself demands that each pay half the loss, but one of the partners (Hiba) seems reluctant for unclear reasons. Pressured by Hiba's refusal to pay his share of the debt, the other partner (Mūsā) brings Hiba to court. The result of the court’s action was mediation (“tawassaṭū”), and Hiba agreed to pay Mūsā a single dinar, to which the latter would add the balance of three dinars. The initial loan amount and the repayment amount were both four dinars, and that it seems that Abū al-Riḍā did expect to garner profit from the loan directly. Signed by Natan b. Shelomo ha-Kohen. (Information from Lieberman, "A Partnership Culture", 54-56)

ENA 4011.56 1

1

Transcription

ENA 4011.56 2

2
Image Permissions Statement
  • ENA 4011.56: Images provided by the Jewish Theological Seminary Library (JTSL) CC-Zero / Public Domain