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Home » Law Dictionary » B » BONA FIDE

BONA FIDE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Truly; actually; without simulation or pretense. Innocently; in the attitude of trust and confidence; without notice of fraud, etc. value, or it may mean a holder for real value without notice of any fraud, etc. Byles, Bills, 121. Bona fide purchaser. A purchaser for a valuable consideration paid or parted with in the belief that the vendor had a right to sell, and without any suspicious circumstances to put him on inquiry. Merritt v. Railroad Co., 12 Barb. (N. Y.) 605. One who acts without covin, fraud, or collusion; one who, in the commission of or connivance at no fraud, pays full price for the property, and in good faith, honestly, and in fair dealing buys and goes into possession. Sanders v. McAffee, 42 Ga. 250. A bona fide purchaser is one who buys property of another without notice that some third person has a right to, or interest in, such property, and pays a full and fair price for the same, at the time of such purchase, or before he has notice of the claim or interest of such other in the property. Spicer v. Waters, 65 Barb. (N. Y.) 231. Bona fide possessor facit fructus consumptos suos. By good faith a possessor makes the fruits consumed his own. Tray. Latin: Max. 57. Bona fides exigit nt qnod convenit fiat. Good faith demands that what is agreed upon shall be done. Dig. 19, 20, 21; Id. 19, 1, 50; Id. 50, 8, 2, 13. Bona fides non patitur ut bis idem ex igatnr. Good faith does not allow us to demand twice the payment of the same thing. Dig. 50, 17, 57; Broom, Max. 338, note; Perine v. Dunn, 4 Johns. Ch. (N. Y.) 143. BONiE FIDEI. In the civil law. Of good faith; in good faith. This is a more frequent form than bona fide. Bonse fidei contracts. In civil and Scotch law. Those contracts in which equity may interpose to correct inequalities, and to adjust all matters according to the plain intention of the parties. 1 Karnes, Eq. 200. Bonse fidei emptor. A purchaser in good faith. One who either was ignorant that the thing he bought belonged to another or supposed that the seller had a right to sell it. Dig. 50, 16, 109. See Id. 6, 2, 7, 11. Bonse fidei possessor. A possessor in good faith. One who believes that no other person has a better right to the possession than himself. Mackeld. Rom. Law,

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