Bona Fide Purchaser Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Bona Fide Purchaser, written in plain English, along with examples of how it is used.

What is Bona Fide Purchaser?

(n) A Bona Fide Purchaser is the person who has purchased a property , article or goods in the normal course of business in good faith without the apparent knowledge of the fraud involved in that transaction. A bona fide purchaser is not responsible for the damages to the original owner of the goods or property he purchased.