Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

innocent purchaser for value

Read a random definition: RIF

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

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
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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.