A straw purchase is any purchase wherein an agent acquires a good or service for someone who is unable to purchase the good or service himself. Straw purchases are legal except in cases where the ultimate receiver of goods or services uses those goods or services in the commission of a crime.
Read more about Straw Purchase: Examples of Legal Uses, Firearms, Alcohol, Mortgage Fraud
Famous quotes containing the words straw and/or purchase:
“And then finally there’s your grandmother
Sweeping the dust of the nineteenth century
Into the twentieth, and your grandfather plucking
A straw out of the broom to pick his teeth.”
—Charles Simic (b. 1938)
“Riches are valuable at all times, and to all men; because they always purchase pleasures, such as men are accustomed to, and desire: Nor can any thing restrain or regulate the love of money, but a sense of honour and virtue; which, if it be not nearly equal at all times, will naturally abound most in ages of knowledge and refinement.”
—David Hume (1711–1776)