purchaser in good faith
Definition 1
Entity that purchases something for value without notice of another's claim on it, or of any defects in the seller's title, and pays valuable consideration in exchange.
Definition 2
Party that buys a property for its own use, and is not representing the interests of a third (known or unknown) party. Also called bona fide buyer or bona fide purchaser.
purchaser in good faith is in the Corporate, Commercial, & General Law subject.
purchaser in good faith appears in the definitions of the following terms: bona fide purchaser and bona fide buyer
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