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INNOCENT PURCHASER [3 records]

Record 1 2012-10-29

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
DEF

One who purchases real property without notice, actual or constructive, of any superior rights or interests in the property. The state recording statutes are designed to protect an innocent purchaser for value from the secret claims of a prior purchaser.(Reilly, 2nd, p. 243)

CONT

If a person who has notice (except in the case of a charity) sells to another who has no notice, and is a "bona fide" purchaser for valuable consideration, the latter may protect his title, although it was affected with the equity arising from notice in the hands of the person from whom he derived it ... (Jowitt, 2nd ed., 1977, pp. 1253-1254).

OBS

Under the Law of Property Act 1925 the word [purchaser] means a purchaser in good faith for valuable consideration, and includes a lessee, mortgagee, or other person who for valuable consideration acquires an interest in property... (Mozley and Whiteley, 10th, p. 370-371)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

acquéreur de bonne foi et à titre onéreux : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2012-10-29

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
  • Law of Contracts (common law)
DEF

One who in good faith acquires legal title to property by paying valuable consideration and has no notice of third party claims. (Yogis, 1983, p. 29).

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
  • Droit des contrats (common law)
OBS

acquéreur de bonne foi : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

OBS

L'équivalent «acheteur de bonne foi» est aussi acceptable en contexte.

Spanish

Save record 2

Record 3 2004-05-18

English

Subject field(s)
  • Property Law (common law)
CONT

Proper recordation imparts constructive notice to the world of the existence of the recorded document and its contents. It protects both innocent purchasers for value who act in ignorance of an unrecorded instrument and the grantee in the event that the deed is altered or lost. Any conveyance not properly recorded is generally void as against any subsequent purchaser, lessee, or mortgagee in good faith and for a valuable consideration who, without having actual notice of the unrecorded conveyance, records his or her subsequent interest in the property.(Reilly, 2nd ed., 1982, p. 396).

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
OBS

non publié : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 3

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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