Legal Question in Business Law in New York
business and insurance regulations
Is it against the law for corporations to purchase supplies, building decorations etc. from their clients?
Asked on 6/01/07, 6:03 am
1 Answer from Attorneys
Kristen Browde
Browde Law, P.C.
Re: business and insurance regulations
Not if there is a valid business purpose for the transactions and the transactions are arms length (for example, you purchase copier paper from a client at normal prices). If, however, the purpose of the purchases is something that would otherwise be unlawful, the purchases should not be made.
Answered on 6/01/07, 10:15 am
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