A person who is in possession of property and who asserts that he is the rightful owner. … [Read more...] about BONA FIDE POSSESSOR
B
BODY OF AN INSTRUMENT
The main and operative part; the substantive provisions, as distinguished from the recitals, title, jurat, etc. … [Read more...] about BODY OF AN INSTRUMENT
BONA FIDE PURCHASER
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
BODY OF LAWS
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
BONA FIDE PURCHASER FOR VALUE WITHOUT NOTICE
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
