Straw Purchase


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Straw Purchase

In auto sales, the purchase of a vehicle for another person. In a straw purchase, the official owner assumes all liability and pays all expenses, but does not ordinarily use the car. A straw purchase may occur if the driver has little money or insufficient credit history to buy the car on his/her own. For example, a mother may buy a car in her name with the intention of letting her 16-year-old son drive it.
References in periodicals archive ?
And it saves having to explain the difference between a gift and a straw purchase, too, since it's the ultimate user who will end up filling out the 4473.
Collins, the man who purchased the gun, got a two-year sentence after pleading guilty to making a straw purchase for an underage buyer.
If McGuire thinks a customer is trying to make a straw purchase - that is, trying to buy a gun for someone else, which is illegal - he will refuse the sale.
With regard to violations of the bill's straw purchase or
Price Dawe 2006 Insurance Trust Insurance Company, the court has affirmed the common law ability of a legally insured person or insurable trust to sell a policy on that person's life for market value --provided that procurement of the policy is not part of a straw purchase pursuant to a prior agreement to resell to an investor, and that the procurement is not part of an illegal wager in which a third party directly or indirectly pays the premiums.
A straw purchase is when a buyer uses an intermediary (the "straw man") to purchase firearms from a dealer, with the intent of hiding the identity of the real buyer.
I can tell you from 40 years of experience in the firearms business if the dealer or buyer tries to circumvent the law, cheat on your Federal books, lie on the 4473 form, make a straw purchase or pull off a borderline shady gun deal for a friend you will get caught.
This volume on gun control regulation and legislation features three chapters, the first chapter consisting of a report from Mayors Against Illegal Guns investigating the straw purchase method criminals use to get guns and presents findings showing how some licensed gun dealers sell handguns to illegal traffickers through these purchases.
A supervillain might make a straw purchase, pap a celebrity, surf the darknet, or become a testosteronic knuckle-dragger.
The program is designed to better educate FFLs on how to spot would-be straw purchasers and to warn the general public it is a serious crime to straw purchase a firearm.
Illegal voluntary transfers, such as the transfers following a straw purchase, are "unentitled.