purchaser in good faith

purchaser in good faith
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. . 2010.

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Look at other dictionaries:

  • purchaser in good faith — See bona fide purchaser …   Ballentine's 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

  • good faith — n [translation of Latin bona fides]: honesty, fairness, and lawfulness of purpose: absence of any intent to defraud, act maliciously, or take unfair advantage filed the suit in good faith negotiating in good faith see also good faith exception …   Law dictionary

  • good faith purchaser — n: a purchaser who gives value for an asset in good faith and without knowledge of adverse claims – called also good faith purchaser for value; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • subsequent purchaser in good faith — See bona fide purchaser …   Ballentine's law dictionary

  • good faith purchaser — A purchaser who buys without notice of circumstance which would put a person of ordinary prudence on inquiry as to the title, or as to an impediment on the title, of a seller. Sometimes used interchangeably with a buyer in ordinary course of… …   Black's law dictionary

  • good faith purchaser — A purchaser who buys without notice of circumstance which would put a person of ordinary prudence on inquiry as to the title, or as to an impediment on the title, of a seller. Sometimes used interchangeably with a buyer in ordinary course of… …   Black's law dictionary

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

  • good faith purchaser — one who buys in trust or ignorance, one who purchases something without knowing that is has already been sold to another …   English contemporary 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

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