One who receives property in exchange for money or valuable consideration. bona fide purchaser. One who purchases property for value, without notice of any defects in title.
Further Reading
For more detailed information, see our related Contracts terms:
Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.
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