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LSDefine

Simple English definitions for legal terms

innocent purchaser for value

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A quick definition of innocent purchaser for value:

An innocent purchaser for value is someone who buys something for money or other valuable things without knowing that someone else has a claim to it. They are not affected by any fraud or problems with the seller's ownership of the item. A purchaser for value is someone who pays for the thing they are buying.

A more thorough explanation:

An innocent purchaser for value is someone who buys property for money or other valuable consideration without knowledge of any defects or claims against the seller's title. This person has paid for the property in good faith and without notice of any prior adverse claims. They are also known as a bona fide purchaser for value or a good-faith 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 for value. She paid for the car in good faith and without knowledge of any defects in the seller's title.

Another example would be if a person buys a house from someone who claims to be the rightful owner, but it turns out that the seller was not the owner and had no right to sell the property. If the buyer had no knowledge of this fact and paid for the property in good faith, they would be considered an innocent purchaser for value.

innocent purchaser | innocent spouse

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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