A bona fide`` purchaser``` (```BFP```){spaced ndash}referred to more completely as a bona fide purchaser for value without notice`{spaced ndash} is a term used in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party`s claim to the title of that property. ...
Found on
http://en.wikipedia.org/wiki/Bona_fide_purchaser
(n) A Bona Fide Purchaser is the person who has purchased a property , article or goods in the normal course of business in good faith without the apparent knowledge of the fraud involved in that transaction. A bona fide purchaser is not responsible for the damages to the original owner of the goods or property he purchased.
Found on
http://www.encyclo.co.uk/local/21213
Someone who purchased something with no reason to believe that the property belonged to someone else or that the property was subject to another party's claim. The purchaser must have paid a full and fair price for the property and have received the item in the normal course of business. (See also: holder in due course)
Found on
http://www.nolo.com/dictionary/bona-fide-purchaser-term.html
No exact match found.
