Sometimes, business disputes arise because one party claims to have sufficient funds to satisfy the requirements of another. A franchisee often needs funds to acquire a franchise. An investor in a proposed scheme needs sufficient funds to participate in the scheme. A business partner requires funding to ensure that they make a positive contribution to the financial well-being of such a partnership.
Man Of Straw
In legal terms, a man of straw is best defined as a person who wishes to undertake a financial commitment without adequate means. In other words, a front man who cannot be relied on to honour their financial commitments, especially because of limited resources.
