Other Free Encyclopedias » Law Library - American Law and Legal Information » Free Legal Encyclopedia: Bill of Particulars to William Benson Bryant

Bona Fide

purchaser property faith

[Latin, In good faith.] Honest; genuine; actual; authentic; acting without the intention of defrauding.

A bona fide purchaser is one who purchases property for a valuable consideration that is inducement for entering into a contract and without suspicion of being defrauded or deceived by the seller. He or she has no notice of any defects of the title. A bona fide purchaser pays in GOOD FAITH full value for the property and, without any FRAUD, goes into possession.

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or