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Simple English definitions for legal terms

good-faith purchaser

Read a random definition: post-expiration-sales theory

A quick definition of good-faith purchaser:

A good-faith purchaser is someone who buys something for money or other valuable things without knowing that someone else has a claim to it or any problems with the seller's ownership. They are considered innocent and have a right to the property they bought. It can apply to buying things like property or securities.

A more thorough explanation:

A good-faith purchaser is someone who buys property for money or other valuable consideration without knowledge of any defects or claims against the seller's title. This means that they have no reason to believe that the seller does not have the right to sell the property.

For example, if someone buys a car from a dealership and later finds out that the car was stolen, they are not considered a good-faith purchaser because they should have known that the car was not being sold by the rightful owner. However, if someone buys a house from a seller who has a clear title and later discovers that there was a lien on the property, they are still considered a good-faith purchaser because they had no reason to know about the lien.

Being a good-faith purchaser is important because it gives the purchaser a superior right to the property over any claims by the seller's creditors. This means that if the seller owes money to someone else, the good-faith purchaser is still entitled to keep the property they bought.

good-faith margin | good health

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16:17
@Law-Guy: you get it
16:19
@baddestbunny: oh yeah definitly. Idk how any system of government would work if you can't distribute social goods to everyone.
MildChiller
16:33
does anyone know if the Yale webinars are cameras on?
1a2b3c4d26z
16:35
Justice as deez!
17:49
Quentin Tarantino is interested in watching somebody’s ear getting cut off; David Lynch is interested in the ear.
18:03
Quentin Tarantino can't resist putting a gay scene with a black guy participating in the gay act in his movies.
18:05
David Lynch is just gay.
18:18
Lynch is more in touch with his unconscious/dream state than the average person
18:42
Probably. I just dont know. All I know is he did a good job with Dune.
18:45
You should watch Blue Velvet
18:46
How’s your LSAT studying been going?
18:49
It is good. I have about two more weeks and I broke the 90 level on LSAT Demon which is good last night. My goal is 95 so I can probably get it before I test. It is scaled our of 100. This is for LR. My RC is below that but I know the more I get better at MBT questions the better my RC becomes.
18:50
I watched the trailer for that movie. The run time is 2 hours. May watch it on 2x the speed. Just watched se7en and thats like as graphic as I get so I kinda need a break from weird bodyhorror stuff. The sloth guy in that movie scared me.
18:51
I do like psychological horror though.
18:53
Oh jesus don’t watch the movie at all if you’re gonna watch it on 2x speed
18:54
I have never used lsat demon; how do their levels relate to actual lsat scoring?
18:56
kinda go in 20 point intervals. 20 points if you have mastered lvl 1 difficulty questions, 100 points if you have mastered lvl 5.
18:56
Getting 100 points is incredibly difficult though. anything baout 95 is pushing the 175-180 range. 90-95 is like 170-174 or so. etc.
18:56
yeah but if you’re getting a 95 on all sections what LSAT score is that? how is that calculated?
18:56
oh okay
18:57
so 100 would be a 180?
18:57
Yeah, 100 is like you would get a 180 and there's nothing more to teach you. I have only seen someone with a 100 like 2/3 times.
18:57
are you taking practice tests that are being scored though?
18:57
or just drills
18:57
Yep, they get factored into it.
18:58
I do drilling essentially every day. A timed section every 3, and a test every 2 weeks.
1a2b3c4d26z
20:06
re: WashU's URM lsat differential - fair to chalk that up to LSAT redaction weirdness messing w the scale or are they generally starved for URMs
1a2b3c4d26z
20:07
And an (albeit negligible) inverse URM GPA differential
Just found out LSAC gpa is different from offical from undergrad, went from 3.0 on 4.0 scale to 2.67... Guess I'm a super splitter rather than a splitter
just submitted my first ever app! and now I am consumed by The Dread
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