Question

Bona fide purchaser explain with example​

Answer 1

Answer:

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A bona fide purchaser (BFP) – referred to more completely as a bona fide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the ...

Answer 2

Answer:

Explanation:

The term “bona fide” is used to describe something that is presented as authentic or real. For example, a bona fide purchaser is someone who has no reason to raise suspicions that he should not be allowed to purchase a parcel of property. It also speaks to innocence on the purchaser’s part that he has not done anything to cause anyone to believe that he should be considered anything other than a legitimate purchaser