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Statements

Subject Item
dbr:Dummy_purchaser
rdfs:label
Dummy purchaser
rdfs:comment
A dummy purchaser is an agent who buys property on behalf of another, usually to conceal the true purpose of the acquisition. For instance, a shopping mall developer may hire a dummy buyer to purchase the needed vacant lots. Disclosing the principal's identity might prompt the landowners to hold out for a higher price; hence the need for secrecy. It has been hypothesized that dummy buyers could help private sector developers obtain the land needed for highway construction without the need for eminent domain invocation. A principal in such a relationship may be a partially disclosed principal (i.e. the agent informs the seller that he is buying on behalf of someone, but does not reveal that person's identity) or a completely undisclosed principal (i.e. the agent does not reveal that he is a
dcterms:subject
dbc:Agency_law
dbo:wikiPageID
17831399
dbo:wikiPageRevisionID
918491390
dbo:wikiPageWikiLink
dbr:Partially_disclosed_principal dbr:Eminent_domain dbr:Straw_man_(law) dbr:Agent_(law) dbr:Undisclosed_principal dbr:Squatting_(pastoral) dbc:Agency_law dbr:Australia
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A dummy purchaser is an agent who buys property on behalf of another, usually to conceal the true purpose of the acquisition. For instance, a shopping mall developer may hire a dummy buyer to purchase the needed vacant lots. Disclosing the principal's identity might prompt the landowners to hold out for a higher price; hence the need for secrecy. It has been hypothesized that dummy buyers could help private sector developers obtain the land needed for highway construction without the need for eminent domain invocation. A principal in such a relationship may be a partially disclosed principal (i.e. the agent informs the seller that he is buying on behalf of someone, but does not reveal that person's identity) or a completely undisclosed principal (i.e. the agent does not reveal that he is acting on anyone's behalf). A dummy purchaser is also sometimes called a straw man.
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wikipedia-en:Dummy_purchaser?oldid=918491390&ns=0
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foaf:isPrimaryTopicOf
wikipedia-en:Dummy_purchaser