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Simple English definitions for legal terms

long-firm fraud

Read a random definition: selective incorporation

A quick definition of long-firm fraud:

Long-firm fraud is when someone tricks another person or company into doing business with them, but they never intend to pay for the goods or services they receive. They keep doing this over a long period of time, making it seem like they are a legitimate customer or business partner, but in reality, they are just stealing from others. This is a type of fraud that can be both a civil offense (resulting in monetary penalties) and a criminal offense (resulting in jail time).

A more thorough explanation:

Definition: Long-firm fraud is a type of fraud where a person or a group of people set up a business with the intention of gaining the trust of suppliers and customers, and then disappearing with the goods or money without paying for them. It is a form of deliberate deception that causes financial harm to others.

Example: A group of people set up a company that sells electronic goods. They gain the trust of suppliers and customers by making regular payments and delivering goods on time. However, after a few months, they disappear with all the goods and money without paying anyone. This is an example of long-firm fraud.

This type of fraud is often difficult to detect because the fraudsters appear to be legitimate business people. They may even have a history of successful business ventures, which makes it easier for them to gain the trust of others. However, once they have gained the trust, they use it to their advantage and disappear with the goods or money.

long-arm | long-form bill of lading

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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