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)
“O, let us have him, for his silver hairs
Will purchase us a good opinion,
And buy men’s voices to commend our deeds.”
—William Shakespeare (1564–1616)