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LSDefine
Simple English definitions for legal terms
innocent conveyance
Read a random definition: favored-nation clause
A quick definition of innocent conveyance:
An innocent conveyance is when someone transfers their right or property to someone else without knowing that it was obtained illegally or through fraud. It can also refer to the transfer of a property interest, like a lease, from one person to another. A conveyance can be a document, like a deed, that shows the transfer of property. It's important to make sure that any transfer of property is done legally and with good intentions.A more thorough explanation:
Definition: Innocent conveyance refers to the transfer of a property right that is made without any knowledge of fraud or wrongdoing. It is a type of conveyance where the person transferring the property is not aware of any illegal activity or fraudulent intent.
Example: A person purchases a car from someone who claims to be the rightful owner. The buyer pays for the car and receives a bill of sale. Later, it is discovered that the seller did not actually own the car and had obtained it through fraud. The buyer in this case is an innocent conveyance because they had no knowledge of the fraud and had acted in good faith.
This example illustrates how innocent conveyance can occur when a person unknowingly acquires property that was obtained through fraudulent means. Innocent conveyance protects the rights of innocent parties who may have acquired property without any knowledge of illegal activity.