Examples of Legal Uses
Examples of legal straw purchases would be purchasing an automobile for another who cannot purchase it themselves due to poor credit or purchasing groceries for a senior citizen who is unable to go to a supermarket themselves because of poor health. Obtaining loans through a straw buyer is legal except when the agent and ultimate user of the funds defraud the bank or when the loan terms expressly prohibit use of an agent to obtain funds.
Read more about this topic: Straw Purchase
Famous quotes containing the words examples of, examples and/or legal:
“There are many examples of women that have excelled in learning, and even in war, but this is no reason we should bring ‘em all up to Latin and Greek or else military discipline, instead of needle-work and housewifry.”
—Bernard Mandeville (1670–1733)
“There are many examples of women that have excelled in learning, and even in war, but this is no reason we should bring ‘em all up to Latin and Greek or else military discipline, instead of needle-work and housewifry.”
—Bernard Mandeville (1670–1733)
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