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:
“The tender skin does not shrink from bayonets, the timid woman is not scared by fagots; the rack is not frightful, nor the rope ignominious. The poor Puritan, Antony Parsons, at the stake, tied straw on his head when the fire approached him, and said, “This is God’s hat.””
—Ralph Waldo Emerson (1803–1882)
“When thou, poor Excommunicate
From all the joys of love, shalt see
The full reward and glorious fate
Which my strong faith shall purchase me,
Then curse thine own inconstancy!”
—Thomas Carew (1589–1639)