If just a verbal agreement was made between two people, can one cancel the agreement? if he does, is he looked at as a dishonest person or do we assume that verbal agreements are meant to be broken? Rav and Rabbi Yochanan debate this point. This argument between them directly related to an argument they have regarding one who gave a deposit (paid for part of it) on an item. One side wants to change their mind about the part that wasn’t paid for. Can they do that? The laws on fraud regarding overcharging or underpaying are discussed in the mishna. Various issues are debated – At what percentage? Is the percentage calculated by the market value of the item or also by the price that was paid in that particular instance? Until when can one claim he was defrauded? If one was defrauded at that percentage, can he cancel the whole transaction or just get back the percentage by which he was defrauded?
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