Logourl black

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.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.