One who buys property without knowledge or notice of the interest in it of a third party.
Someone who gives consideration, acts in good faith, and who is not on notice of an adverse claim
a person "who took in good faith and for reasonably equivalent value
One who buys property without knowledge or notice of any defects in the title of the seller.
One who has purchased property for value without any notice of any defects in the title of the seller.
A person who buys property for value and without reason to doubt that the seller has good title.
One who buys property, in good faith, for a fair value, and without notice of adverse claims or rights of third Parties.
One who buys property in good faith, for fair value, and without notice of any adverse claim or right of third parties.
A purchaser who pays fair value for property in good faith, and without notice of adverse claims. Back to the Top
A purchaser who pay valuable consideration for property, acts in good faith, and acquired a property interest without notice of any outstanding claims to other defects in the seller's title.
A purchaser in good faith, for fair value and without notice of any adverse claim or right of third parties.
A bona fide purchaser (BFP) — referred to more completely as a bona fide purchaser for value without notice — 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. A BFP must purchase for value, meaning that he or she must pay for the property rather than simply being the beneficiary of a gift. Depending on the laws of the relevant jurisdiction, when a party fraudulently conveys property to a BFP, such as by selling the BFP property that has already been conveyed to someone else, that BFP takes good title to the property despite the competing claims of the other party so long as the BFP properly records the transaction.
