Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bona fide sale

Read a random definition: abacinate

A quick definition of bona fide sale:

A bona fide sale is when someone sells something to another person for a fair price, without knowing about any problems with the thing being sold. Both people have to agree to the sale, and the buyer has to pay money for it. It's a real sale, not a fake one.

A more thorough explanation:

Definition: A bona fide sale is a transfer of property or title for a price. It is a sale made by a seller in good faith, for valuable consideration, and without notice of a defect in title or any other reason not to hold the sale.

Examples: An example of a bona fide sale is when a person sells their car to another person for a fair price, without knowing that the car has any defects or issues. Another example is when a company sells its products to a customer for a fair price, without knowing that the products are defective or not as described.

Explanation: In both examples, the sale is made in good faith, with valuable consideration (money), and without knowledge of any defects or issues with the property being sold. This type of sale is important because it protects both the buyer and the seller from any legal issues that may arise from a defective or fraudulent sale.

bona fides | bona fiscalia

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.