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Dummy Purchaser
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. Dummying In Australia, during periods of conversion of Government land to freehold or leasehold, the practice (als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agent (law)
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between: * agents and principals (internal relationship), known as the principal-agent relationship; * agents and the third parties with whom they deal on their principals' behalf (external relationship); and * principals and the third parties when the agents deal. Concepts The recipro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eminent Domain
Eminent domain (United States, Philippines), land acquisition (India, Malaysia, Singapore), compulsory purchase/acquisition (Australia, New Zealand, Ireland, United Kingdom), resumption (Hong Kong, Uganda), resumption/compulsory acquisition (Australia, Barbados, New Zealand, Ireland, United Kingdom), or expropriation (Argentina, Belgium, Brazil, Canada, Chile, Denmark, Finland, France, Germany, Greece, Italy, Mexico, Netherlands, Norway, Panama, Poland, Portugal, Russia, South Africa, Spain, Sweden, Serbia) is the power of a state, provincial, or national government to take private property for public use. It does not include the power to take and transfer ownership of private property from one property owner to another private property owner without a valid public purpose. This power can be legislatively delegated by the state to municipalities, government subdivisions, or even to private persons or corporations, when they are authorized by the legislature to exercise the functi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partially Disclosed Principal
A partially disclosed principal is one whose agent reveals that he has a principal, but does not reveal the principal's identity. This concept has important implications in liability law. It is in contrast to a disclosed principal and undisclosed principal.Bohlman, 2001, Notes References *The legal, ethical, and international environment of business By Herbert M. Bohlman, Mary Jane Dundas Agency law {{law-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Undisclosed Principal
In agency law, an undisclosed principal is a person who uses an agent for negotiations with a third party who has no knowledge of the identity of the agent's principal. Often in such situations, the agent pretends to be acting for themselves. As a result, the third party does not know to look to the real principal in a dispute. Under United States law according to the Restatement (Third) of Agency ยง 2.06, an undisclosed principal may still be held liable to a third party who justifiably is induced to make a detrimental change in position, even if the agent lacked actual authority to act on behalf of the principal, so long as the undisclosed principal had notice of agent's conduct and that it might induce the third party to change its position, and the principal did not take reasonable steps to notify the third party of the facts. Even where an undisclosed principal has previously forbidden the agent to take some action or incur some debt, the undisclosed principal may be liabl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straw Man (law)
A straw man is a form of argument and an informal fallacy. Straw man may also refer to: General * Straw man (dummy), a dummy made from straw * Straw man (law), in law, a third party that acts as a front in a transaction * Straw man proposal, in business and software development, a simple draft proposal to generate discussion * Strawman theory, a pseudolegal theory in the sovereign citizen, tax protester, freeman, and redemption movements Publications * ''Straw Man'' (novel), a 1951 novel by Doris Miles Disney * '' The Straw Man'', a 1957 novel by Jean Giono * Straw Man (comics), a 1975 Marvel Comics character * ''Straw Men'' (novel), a 2001 novel by Martin J. Smith * ''The Straw Men'', a 2002 novel by Michael Marshall Film * ''The Straw Man'' (film), a 1953 British film Music * "Strawman", a 1989 song by Lou Reed from ''New York'' * "Straw Man", a 2019 song by Silversun Pickups from '' Widow's Weeds'' See also * Corn dolly, a humanoid figure woven from plant stems * Man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Squatting (pastoral)
Squatting is a historical Australian term that referred to someone who occupied a large tract of Crown land in order to graze livestock. Initially often having no legal rights to the land, squatters became recognised by the colonial government as owning the land by being the first (and often the only) European settlers in the area. Eventually, the term "squattocracy", a play on "aristocracy", came into usage to refer to squatters and the social and political power they possessed. Evolution of meaning The term ' squatter' derives from its English usage as a term of contempt for a person who had taken up residence at a place without having legal claim. The use of 'squatter' in the early years of British settlement of Australia had a similar connotation, referring primarily to a person who had 'squatted' on Aboriginal land for pastoral or other purposes. In its early derogatory context the term was often applied to the illegitimate occupation of land by ticket-of-leave convicts or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agency Law
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between: * agents and principals (internal relationship), known as the principal-agent relationship; * agents and the third parties with whom they deal on their principals' behalf (external relationship); and * principals and the third parties when the agents deal. Concepts The recipro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
