Quimbee logo
DMCA.com Protection Status

Good Faith Purchaser

Good Faith Purchaser

Definition

A party that purchases a given item for value and without notice of any outstanding claims. These parties purchase goods without any knowledge of potential problems with the purchase or the good.

Get full access FREE

With a 7-Day free trial membership
Here's why 541,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 6,100 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership