Innocent Purchaser
INNOCENT PURCHASER
An individual who, ingood faithand by an honest agreement, buys property in the absence of sufficient knowledge to charge him or her with notice of any defect in the transaction.
An individual is an innocent or goodfaith purchaser when he or she buys something, paying valuable consideration, without actual or constructive notice of any legal infirmity in the sale. The purchaser of a gold bracelet for $500 from a jewelry store cannot be charged with notice that the bracelet was stolen.
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Purchase , pur·chase / ˈpərchəs/ • v. [tr.] 1. acquire (something) by paying for it; buy: Mr. Gill spotted the manuscript at a local auction and purchased it fo… Notice , Notice
Information; knowledge of certain facts or of a particular state of affairs. The formal receipt of papers that provide specific information.
T… Buyer , buyer •acquire, admire, afire, applier, aspire, attire, ayah, backfire, barbwire, bemire, briar, buyer, byre, choir, conspire, crier, cryer, defier,… Caveat Emptor , CAVEAT EMPTOR
[Latin, Let the buyer beware.] A warning that notifies a buyer that the goods he or she is buying are "as is," or subject to all defect… Language, Linguistics, and Literary Terms , buy / bī/ • v. (buys , buy·ing ; past and past part. bought / bôt/ ) [tr.] 1. obtain in exchange for payment: he had been able to buy up hundreds of… Bona Fide , bona fide •baddy, caddie, caddy, daddy, faddy, kabaddi, laddie, paddy •alcalde, Chaldee, Fittipaldi, Vivaldi •Andy, bandy, brandy, candy, dandy, Gand…
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Innocent Purchaser