In my opinion, it's the equivalent of saying hello and slapping them in the face.  

to acquire the possession of, or the right to, by paying or promising to pay an equivalent, especially in money; purchase.So, in essence, you are buying- you are obtaining the right to through the contract. 

Arrange for transportation to take you to the Chinese equivalent of Home Depot or a third world flea market.

If that's true, then it's equivalent to the GC coming out to give a bid but having no shot of getting that particular job.

@Nick Colamarino yes that is exactly right it's the equivalent of only working 4 hour a day at a 24 hour job not much is really going to get done.

It would be the equivalent of a husband and wife who are both listed on the policy as insureds.

I would like to know how to set up an entity that's equivalent to an LLC here in Alberta Canada. 

Others will comply but will require a ridiculous deposit (I do not recall the city but the deposit they required was ~ equivalent to a year of normal usage).

@Joshua Smith - In and of itself it's not 'bad', but you're just accomplishing the same goal as other available methods using the financial equivalent of a rube goldberg machine. 

Don't forget this story:http://www.nytimes.com/1995/12/29/world/a-120-year...Basically a 47 year old man agreed to pay a 90 year old woman the equivalent of about $500 a month for the rest of her life, in exchange, he would get her awesome apartment in the middle of Paris upon her death.Well, she ended up living to be the oldest person in the world, and the man passed away at 77, never getting her apartment, and what's more, then man's widow must continue to send the woman these checks every month, and if she passes away, the man's children must keep them up!