Author Topic: Sold miles, broker never used them, what's their status?  (Read 33925 times)

Offline DoGo

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Re: Sold miles, broker never used them, what's their status?
« Reply #120 on: November 12, 2014, 11:55:00 PM »
I suspect I can smell out where you live (sadly).

Wonder how all you yeshivish ganovim would react when the broker failed to pay because 'you can't sell miles'
I was referring to the ganovim in this thread, I don't think that a majority of Lakewood residents eould sympathize with them
Change of tone..

Offline cholent

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Re: Sold miles, broker never used them, what's their status?
« Reply #121 on: November 13, 2014, 12:00:32 AM »
That's absolutely a good idea.

This is a business that is based on trust, but signing a deal is always a good idea regardless. Personally I only sell to ppl who will take out all the miles immediately.
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Re: Sold miles, broker never used them, what's their status?
« Reply #122 on: November 13, 2014, 12:15:02 AM »
I was referring to the ganovim in this thread, I don't think that a majority of Lakewood residents eould sympathize with them
then why did you bring in where he is living
Feelings don't care about your facts

Offline PlatinumGuy

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Re: Sold miles, broker never used them, what's their status?
« Reply #123 on: November 13, 2014, 12:27:05 AM »
Change of tone..
No, I never referred to the Lakewood population as dishonest. I merely pointed out that this breed of lomdish stealing doesn't really exist anywhere else. That does not connote it is prevalent in Lakewood.

I'm sure most of Lakewoods residents are truly moiser nefesh for toirah and I am very jealous of them for thatS
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר – יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline Traveler718

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Re: Sold miles, broker never used them, what's their status?
« Reply #124 on: February 22, 2015, 06:58:44 PM »
If anyone is interested in a follow-up, I finally got around to asking my Rav about this issue. I won't mention his name, but he's one of the leading Litvish English-speaking Rabbonim in Eretz Yisroel. I asked about who owns the miles now, whether I can ever use them, and whether I can borrow them with the intention of replacing them (via sign-up bonus) if they are needed. His reply is below; in the meantime, the miles still have not been used by the non-Jewish broker who purchased them from the Jewish broker to whom I sold them.

The miles could only be used if they are about to expire OR with the permission of the broker. They are not yours and could only be used when they become zuto shel yam. Replacing them is only an option if they will be available immediately should  the non Jewish broker request them.

Offline cozmohoot

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Re: Sold miles, broker never used them, what's their status?
« Reply #125 on: February 22, 2015, 07:17:06 PM »
Get the popcorn out......

Offline 12HRS

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Re: Sold miles, broker never used them, what's their status?
« Reply #126 on: February 22, 2015, 10:46:34 PM »
whats the geder of about to expire? last minute, last hour, last day etc..?

Offline Drago

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Re: Sold miles, broker never used them, what's their status?
« Reply #127 on: February 23, 2015, 03:44:16 AM »
Get the popcorn out......
Why, I think this was the accepted approach.

Offline raphy781

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Re: Sold miles, broker never used them, what's their status?
« Reply #128 on: February 23, 2015, 05:21:01 AM »
If anyone is interested in a follow-up, I finally got around to asking my Rav about this issue. I won't mention his name, but he's one of the leading Litvish English-speaking Rabbonim in Eretz Yisroel. I asked about who owns the miles now, whether I can ever use them, and whether I can borrow them with the intention of replacing them (via sign-up bonus) if they are needed. His reply is below; in the meantime, the miles still have not been used by the non-Jewish broker who purchased them from the Jewish broker to whom I sold them.

The miles could only be used if they are about to expire OR with the permission of the broker. They are not yours and could only be used when they become zuto shel yam. Replacing them is only an option if they will be available immediately should  the non Jewish broker request them.
Did you inform the rav that even when they expire they can be reinstated?

Offline maxmiles

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Re: Sold miles, broker never used them, what's their status?
« Reply #129 on: February 23, 2015, 10:04:15 AM »
Pretty Obvious

Offline cozmohoot

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Re: Sold miles, broker never used them, what's their status?
« Reply #130 on: February 23, 2015, 07:10:35 PM »
Why, I think this was the accepted approach.
I hear. But it seemed like something people would rant about

Offline shidduch

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Re: Sold miles, broker never used them, what's their status?
« Reply #131 on: February 24, 2015, 11:22:07 AM »
Because there's no National Association of Mileage Brokers (also known as the NAMB) that makes guidelines for brokers.

Everyone can be a broker - including you and me. It just takes spending $50 to advertise in a local paper.

Yes, while there are no formal rules set in stone.  There is minhag hasochrim which has both legal and halachic validity.

If you sell the miles regardless of how long it takes the buyer to use them they are not yours.  Plain and simple. 

Offline iAm

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Re: Sold miles, broker never used them, what's their status?
« Reply #132 on: December 11, 2017, 03:10:26 PM »
Bumping this:

I sold miles 1.5 years ago to a broker. The miles I sold expire after 12 months of activity. I restated them after 12 months (June '17). Now they want access to the account. Thoughts?
iThink. Ergo. iAm

Offline HolyNyc

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Re: Sold miles, broker never used them, what's their status?
« Reply #133 on: December 11, 2017, 03:22:25 PM »
Bumping this:

I sold miles 1.5 years ago to a broker. The miles I sold expire after 12 months of activity. I restated them after 12 months (June '17). Now they want access to the account. Thoughts?
They paid for it

Offline JACKBLUE

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Re: Sold miles, broker never used them, what's their status?
« Reply #134 on: December 11, 2017, 03:25:58 PM »
They paid for it
but it was expired....
It’s like new miles imo

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Re: Sold miles, broker never used them, what's their status?
« Reply #135 on: December 11, 2017, 03:27:19 PM »
Matzil mzuto shel yam
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Offline chaimdasap

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Re: Sold miles, broker never used them, what's their status?
« Reply #136 on: December 11, 2017, 04:18:56 PM »
I want to know who gave the jewish broker the right to resell them? who said he trusts a 3rd party with his account?
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Offline David Smith

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Re: Sold miles, broker never used them, what's their status?
« Reply #137 on: December 11, 2017, 04:31:38 PM »


I want to know who gave the jewish broker the right to resell them? who said he trusts a 3rd party with his account?

broker

Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Yammer

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Re: Sold miles, broker never used them, what's their status?
« Reply #138 on: December 11, 2017, 04:33:41 PM »
Bumping this:

I sold miles 1.5 years ago to a broker. The miles I sold expire after 12 months of activity. I restated them after 12 months (June '17). Now they want access to the account. Thoughts?
Try the halachic thread..

Offline henche

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Re: Sold miles, broker never used them, what's their status?
« Reply #139 on: December 11, 2017, 04:34:32 PM »
I say keep em. He let them expire