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LSDefine

Simple English definitions for legal terms

holder in good faith

Read a random definition: Memorandum

A quick definition of holder in good faith:

A holder in good faith is someone who takes something, like property or a piece of paper that represents money, without knowing that there is anything wrong with it. They believe that they are getting it legally and honestly.

A more thorough explanation:

A holder in good faith is a person who acquires property or an instrument without knowing that there is any problem with its ownership or title. This means that the person is not aware of any defects or issues that could affect their legal rights to the property or instrument.

  • John buys a used car from a dealership. He has no reason to believe that there is any problem with the car's title, and the dealership has provided him with all the necessary paperwork. John is a holder in good faith.
  • Sarah finds a lost wallet on the street and turns it in to the police. She does not know who the owner is or whether there is any money or valuable items inside. Sarah is a holder in good faith.

These examples illustrate the concept of a holder in good faith because both John and Sarah acquired property without any knowledge of defects or issues that could affect their ownership rights. They acted in good faith and did not knowingly participate in any illegal or fraudulent activities.

holder for value | holder of record

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babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
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