- bona fide sale
- A completed transaction in which seller makes sale in good faith, for a valuable consideration without notice of any reason against the sale
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
bona fide sale
Look at other dictionaries:
bona fide sale — A completed transaction in which seller makes sale in good faith, for a valuable consideration without notice of any reason against the sale … Black's law dictionary
bona fide — bo·na fide / bō nə ˌfīd, bä nə ; ˌbō nə fī dē, fī də/ adj [Latin, in good faith] 1 a: characterized by good faith and lack of fraud or deceit a bona fide offer b: valid under or in compliance with the law retirement incentives made part of a bona … Law dictionary
bona fide — /bowna faydiy/bowna fayd/ In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Merrill v. Dept. of Motor Vehicles, 71 Cal.2d 907, 80 CaLRptr. 89, 458 P.2d 33. Truly; actually; without simulation or pretense.… … Black's law dictionary
bona fide — /bowna faydiy/bowna fayd/ In or with good faith; honestly, openly, and sincerely; without deceit or fraud. Merrill v. Dept. of Motor Vehicles, 71 Cal.2d 907, 80 CaLRptr. 89, 458 P.2d 33. Truly; actually; without simulation or pretense.… … Black's law dictionary
bona fide — In good faith (Latin). ► “ In Parker versus U.S. (1995), a federal district court in Georgia ruled that there was not a bona fide sale, so property transferred to an investment fund in exchange for an income interest in the fund for life was… … American business jargon
Bona fide purchaser — A bona fide purchaser (BFP)ndash referred to more completely as a bona fide purchaser for value without noticendash is a term used in the law of real property and personal property to refer to an innocent party who purchases property without… … Wikipedia
bona fide purchaser — One who purchases a chattel for value, without notice of a defect in the title of the person from whom he purchased or of the right of a seller in the chain of title to avoid or rescind the sale which he made. 46 Am J1st Sales § 465. One who… … Ballentine's law dictionary
sale — A transfer of the property in a chattel for a consideration. Edward v Ioor, 205 Mich 617, 172 NW 620, 15 ALR 256. A transfer of personal property at a fixed money price payable in cash or in goods. Hartwig v Rushing, 93 Or 6, 182 P 177. A… … Ballentine's law dictionary
sale or exchange of capital asset — A method of realizing gain or loss for tax purposes, involving a complete, bona fide, and permanent transfer of an ownership interest, in other words, a transfer of economic reality. Gregory v Helvering, 293 US 465, 79 L Ed 596, 55 S Ct 266, 97… … Ballentine's law dictionary
mala fide — mal‧a fi‧de [ˌmælə ˈfaɪdi ǁ ˌmeɪlə ] adverb LAW with an intention to deceive: • We need to ensure that decisions are not made mala fide. mala fide adjective : • mala fide (= abuse of position ) opposite … Financial and business terms
