innocent purchaser for value
- innocent purchaser for value
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USA
Innocent purchaser of property who purchases for value without notice of any other party's claim against the property. So long as a bona fide purchaser properly records the transaction, the bona fide purchaser takes good title to the property despite competing adverse claims. Those parties holding competing adverse claims may bring an action only against the party who fraudulently transferred the property to the bona fide purchaser.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
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
bona fide purchaser for value — 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
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
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
Bona fide purchaser — A bona fide purchaser (BFP)ndash referred to more completely as a bona fide purchaser for value without noticendash is a term used in the law of real property and personal property to refer to an innocent party who purchases property without… … Wikipedia
BFP — Slang for bona fide purchaser. Category: Business, LLCs & Corporations → Buying or Selling a Business Category: Real Estate & Rental Property → Buying a House Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
Misrepresentation in English law — is an area of English contract law, which allows a person to escape a contractual obligation or claim compensation for losses. If one person can show that she entered an agreement because of another person s false assurances, then the other… … Wikipedia
