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A purchaser in good faith, usually referring to a person who purchases an item without any knowledge or reason to believe that there may be a problem with title to the property that the property may actually be subject to a third party claim. In order to be a bona fide purchaser, the purchaser must have paid reasonable market value for the item and that no suspicious … [Read more...] about BONA FIDE PURCHASER

An organized and systematic collection of rules of jurisprudence; as, particularly, the body of the civil law, or corpus juris civilis. … [Read more...] about BODY OF LAWS

A purchaser of property (or a monetary instrument) who does so without any idea that a prior claim exists on the property, e.g. the buyer of stolen property. Unless the purchaser has knowledge (or registration may exist for the property), the purchaser may not be liable for or subject to other claims made against the property. … [Read more...] about BONA FIDE PURCHASER FOR VALUE WITHOUT NOTICE

A term applied to a corporation, which is usually designated as a "body corporate and politic." public corporation invested with powers and duties of government. It is often used, in a rather loose way, to designate the state or nation or sovereign power, or the government of a county or municipality, without distinctly connoting any express and individual corporate character. … [Read more...] about BODY POLITIC

Good faith ; integrity of dealing; honesty ; sincerity ; the opposite of mala fides and of dolus malus. … [Read more...] about BONA FIDES