- bona fide purchaser for value
USAbona fide purchaser, Also known as BFP, bona fide purchaser for value, good-faith purchaser, innocent purchaser for value, purchaser in good faith.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:
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
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
bona fide purchaser — One who has purchased property for value without any notice of any defects in the title of the seller. Walters v. Calderon, 25 Cal.App.3d 863, 102 CaLRptr. 89, 97. One who pays valuable consideration, has no notice of outstanding rights of others … Black's law dictionary
bona fide purchaser — One who purchases a chattel for value, without notice of a defect in the title of the person from whom he purchased or of the right of a seller in the chain of title to avoid or rescind the sale which he made. 46 Am J1st Sales § 465. One who… … Ballentine's law dictionary
innocent 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
subsequent purchaser for value — See bona fide purchaser … Ballentine's law dictionary
bona fide — /bowna faydiy/bowna fayd/ In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Merrill v. Dept. of Motor Vehicles, 71 Cal.2d 907, 80 CaLRptr. 89, 458 P.2d 33. Truly; actually; without simulation or pretense.… … Black's law dictionary
bona fide — In good faith, honestly, without collusion or fraud. A bona fide purchaser for value without notice is a person who has bought property in good faith, without being aware of prior claims to it (for example, that it is subject to a trust). The… … Accounting dictionary
bona fide — In good faith, honestly, without collusion or fraud. A bona fide purchaser for value without notice is a person who has bought property in good faith, without being aware of prior claims to it (for example, that it is subject to a trust). The… … Big dictionary of business and management
bona fide — bo·na fide / bō nə ˌfīd, bä nə ; ˌbō nə fī dē, fī də/ adj [Latin, in good faith] 1 a: characterized by good faith and lack of fraud or deceit a bona fide offer b: valid under or in compliance with the law retirement incentives made part of a bona … Law dictionary