simulated sale

A sale in which no price or other consideration is paid or intended to be paid, and in which there is no intent to actually transfer ownership.

• Simulated sales are usu. done in an attempt to put property beyond the reach of creditors.

— Also termed simulated transaction. [Cases: Fraudulent Conveyances 1.]

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词条贡献者

双语律师Jenna，国际知名法学院环境法专业，擅长翻译各类与环境、社会及管治 (ESG)相关的法律文件。