Community Magazine July 2021

TAMMUZ - AV 5781 / JULY 2021 45 YOU JUDGE! BE THE CRYPTOCURRENCY STRIKES AGAIN Jerry regularly managed his brother-in-law’s financial portfolio and earned a modest commission from the profits generated. The operating agreement between them stipulated that Jerry was required to receive explicit authorization before each investment. Jerry was instructed and authorized to invest $100,000 in a certain stock. Jerry deviated from his instruction and without authorization directed $10,000 of the monies to purchase a cryptocurrency. Much to Jerry’s delight his cryptocurrency purchase earned an astronomical sum of over $60,000 in profit. Jerry, concerned with the volatility of the coin, immediately sold out and the $10,000 investment along with its profits were credited to the business account. Jerry informed his brother-in-law of the good fortune earned and suggested that they split the profits of the $10,000 investment. Jerry explained that since he was responsible for the funds in case of loss, he is entitled to at least fifty percent of the profits. The brother-in- law rejected Jerry’s claim with a wave of his hand and rebuked him for his illegal activity. IS JERRY ENTITLED TO HALF THE PROFITS? IF NOT, IS HE ENTITLED TO HIS COMMISSION? HOW SHOULD THE BET DIN RULE AND WHY? YOU BE THE JUDGE and send your response to YouJudge@CommunityM.com Verdicts – and the accompanying rationale – will be reviewed by the Rosh Bet Din. The first three correct submissions received before the deadline will win a $50 gift certificate t o a Community Magazine advertiser! Correct entries will receive honorable mention in the next issue when the Rosh Bet Din’s verdict is printed. CORONA TESTING, WORK AND SCHOOL PHYSICALS FOR OVER 585 EAST 2ND ST. 718.435.2592 NEWLY RENOVATED OFFICE! HOUSE CALLS AVAILABLE IN BROOKLYN AND DEAL FOR COVID TESTING, ANTIBODIES, STREP TESTS, AND BLOODWORK. FOR HOUSE CALLS 718-704-7544