good faith purchaser

Definition of "good faith purchaser"
  1. Someone who buys something without any awareness of any other parties' claims to it, and gives something of value in the process
How to use "good faith purchaser" in a sentence
  1. Even though there was a lien on the property, the good faith purchaser was protected because they were unaware of it when they bought the property.
  2. While selling the car, the seller failed to disclose that his brother also had an ownership stake, however the buyer, being a good faith purchaser, was unaffected.
  3. The law protects a good faith purchaser who unknowingly buys stolen property.

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