Bona Fide


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Bona Fide

In law, belief that a statement or act is made or done honestly and with no ill intent, even if ill effect results. Liability for ill effect may be lessened or eliminated if the statement or act causing it was bona fide. The term is Latin for "in good faith," and the concept is sometimes referred to in this way.
References in periodicals archive ?
According to section 303(b)(1), where the debtor has 12 or more creditors, not less than three creditors holding unsecured claims totaling at least $15,775, that are not contingent as to liability or the subject of a bona fide dispute as to liability or amount, must join in the filing of the involuntary bankruptcy petition.
A club license allows the licensee to sell for consumption on licensed premises beer, wine, mixed spirit drinks, and spirits only to bona fide members of the club who have attained the age of 21 years.
taxpayer who is a bona fide resident of Puerto Rico for an entire taxable year is able to exclude from U.
illegal bona fide possession is an actual state, and not a legal right.
Martin DiAo was not a bona fide candidate within the contemplation of our election laws, he said.
Taking the position that he was a bona fide resident of the U.
But because the cost of LLPAs can be built into the interest rate, the question arises whether discount points used to offset the higher rate caused by LLPAs can be considered bona fide.
It concluded that HBH was a valid partnership and that Pitney Bowes was a bona fide partner.
Generally, IRC Section 2036 will include transfers of property made during life in the gross estate of a decedent when the transfer is testamentary in nature, unless the transferor relinquishes all interests in the property through a bona fide sale for adequate consideration.
E tambem la onde a etica parece estar de fora, onde a boa fe parece um conceito estranho a nos modernos, isto e, no bona fide servire, devemo-nos reportar as condicoes peculiares da sociedade romana.
He is asking the court to rule that his purchase and sale agreement is a bona fide offer and that the town has no further first-refusal option, "having failed to properly exercise the first refusal option within the time period specified by the statute.
TRAINER WITH BYTE Aidan O'Brien, a bona fide genius