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:
“Three young rats with black felt hats,
Three young ducks with white straw flats,”
—Unknown. Three Young Rats (l. 1–2)
“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)