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LSDefine

Simple English definitions for legal terms

bona fide purchaser for value

Read a random definition: a manu servus

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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General chat about the legal profession.
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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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