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 ?
Q: Could Marie be considered an innocent purchaser for value and thus could have acquired a valid title over the whole property?
However, the ordinary buyer will not be considered an innocent purchaser for value if there is anything on the certificate of title that arouses suspicion, and the buyer failed to inquire or take steps to ensure that there is no cloud on the title, right, or ownership of the property being sold.
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.