innocent purchaser

innocent purchaser
innocent purchaser n: one who purchases property for consideration in good faith and without knowledge of facts that would lead to the suspicion that the seller does not have good title

Merriam-Webster’s Dictionary of Law. . 1996.

innocent purchaser
An individual who, in good faith and by an honest agreement, buys property in the absence of sufficient knowledge to charge him or her with notice of any defect in the transaction.

Dictionary from West's Encyclopedia of American Law. 2005.


innocent purchaser
An individual who, in good faith and by an honest agreement, buys property in the absence of sufficient knowledge to charge him or her with notice of any defect in the transaction.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

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  • Innocent Purchaser For Value — Someone who unknowingly purchases assets that have been involved in fraud. An innocent purchaser for value can exist in any number of situations, from the buying of real estate to the buyings of art. Because the purchaser lacked knowledge of the… …   Investment dictionary

  • innocent purchaser — See bona fide purchaser …   Ballentine's law dictionary

  • purchaser in good faith — USA bona fide purchaser, Also known as BFP, bona fide purchaser for value, good faith purchaser, innocent purchaser for value, purchaser in good f …   Law dictionary

  • innocent — in·no·cent / i nə sənt/ adj: characterized by innocence Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. innocent I …   Law dictionary

  • purchaser — One who acquires real property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; vendee. One who has contracted to purchase property or goods. Also, a successful… …   Black's law dictionary

  • innocent — Free from guilt; acting in good faith and without knowledge of incriminatory circumstances, or of defects or objections. See not guilty @ innocent agent In criminal law, one who, being ignorant of any unlawful intent on the part of his principal …   Black's law dictionary

  • innocent — Free from guilt; acting in good faith and without knowledge of incriminatory circumstances, or of defects or objections. See not guilty @ innocent agent In criminal law, one who, being ignorant of any unlawful intent on the part of his principal …   Black's law dictionary

  • bona fide purchaser — bona fide pur·chas·er n: a purchaser who purchases in good faith without notice of any defect in title and for a valuable consideration – called also bona fide purchaser for value; ◇ There are particular requirements for a bona fide purchaser of… …   Law dictionary

  • good-faith purchaser — USA bona fide purchaser, Also known as BFP, bona fide purchaser for value, good faith purchaser, innocent purchaser for value, purchaser in good faith …   Law dictionary

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