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LSDefine

Simple English definitions for legal terms

bona fide sale

Read a random definition: hell-or-high-water clause

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

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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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