Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

innocent purchaser

Read a random definition: permanency-planning hearing

A quick definition of innocent purchaser:

An innocent purchaser is someone who buys something without knowing that someone else might have a claim to it. They buy it in good faith and pay for it with their own money. This is important because it means they have a right to keep what they bought, even if someone else tries to take it away.

A more thorough explanation:

An innocent purchaser is someone who buys property without knowledge of any defects or claims against the seller's title. This is also known as a bona fide purchaser.

For example, if John sells a car to Jane without disclosing that the car was stolen, and Jane had no reason to suspect that the car was stolen, she would be considered an innocent purchaser. She would have a superior right to the car over the original owner or any creditors of John.

Another example would be if a person buys a house from someone who claims to be the rightful owner, but in reality, the seller had no legal right to sell the property. If the buyer had no knowledge of this fact, they would be considered an innocent purchaser.

In both cases, the innocent purchaser would have legal protection against any claims made by the original owner or creditors of the seller.

innocent passage | innocent purchaser for value

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
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.