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LSDefine

Simple English definitions for legal terms

bona fide purchaser for value

Read a random definition: TECA

A quick definition of bona fide purchaser for value:

A bona fide purchaser for value is someone who buys something for money or something else valuable without knowing that someone else has a claim to it or any problems with the seller's ownership. They are considered innocent and have the right to the property they bought. It can apply to buying anything, like a house or a car.

A more thorough explanation:

A bona fide purchaser for value is someone who buys property for money or other valuable consideration without knowing about any other claims to the property. They have paid for the property in good faith and without any knowledge of any defects or problems with the seller's title. This means that they have a superior right to the property compared to the seller's creditors, to the extent of the consideration they paid.

For example, if someone buys a car from a seller who has outstanding debts, but the buyer had no knowledge of these debts, they are considered a bona fide purchaser for value. They have a superior right to the car compared to the seller's creditors, to the extent of the money they paid for the car.

Another example is if someone buys a house from a seller who has a pending lawsuit over the property, but the buyer had no knowledge of the lawsuit. The buyer is still considered a bona fide purchaser for value and has a superior right to the property compared to the seller's creditors, to the extent of the money they paid for the house.

bona fide possession | bona fides

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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