innocent purchaser for value

innocent purchaser for value

See bona fide purchaser.The words “for value” are sometimes added to bona fide purchaser, also, in order to emphasize the requirement for valuable consideration as opposed to mere “good consideration,” which might consist of love and affection.

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References in periodicals archive ?
The Bank, on the other hand, asserted that it is a mortgagee in good faith and an innocent purchaser for value. It claimed that the transfer of the title in its name was because of a decision rendered by the Department of Agrarian Reform Adjudication Board.
I believe the police were aware of the identity of the thief but chose instead to prosecute an innocent purchaser for value twice removed down the chain.
Q: Could Marie be considered an innocent purchaser for value and thus could have acquired a valid title over the whole property?