bona fide purchaser

Definition of "bona fide purchaser"
  1. An individual who buys an item without knowledge of another party's claim on it, pays a fair price for it, and receives it in a normal business setting
How to use "bona fide purchaser" in a sentence
  1. Despite the dispute, he was considered a bona fide purchaser since he bought the vase without knowing it belonged to someone else.
  2. The dealership unknowingly sold stolen cars, but the buyer was protected as a bona fide purchaser.
  3. She was treated as a bona fide purchaser after buying the disputed painting at an auction without knowledge of its contested ownership.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z