The term qualifies purchasers, disputes, offers, and occupational qualifications. A bona fide purchaser takes free of prior unrecorded interests, and a bona fide dispute is a prerequisite to accord and satisfaction.
Good faith is assessed objectively in most applications.
Alternative Names:
In Good Faith|Genuine
Why it Matters?
Bona fide purchaser status determines priority in property disputes, requiring value paid, absence of notice, and good faith, and constructive notice from the record defeats the status regardless of actual knowledge. In employment the bona fide occupational qualification defense permits sex, religion, or national origin requirements where genuinely necessary to the business, a defense construed narrowly and rarely successful.
Frequently Confused with
Related terms
Frequently asked questions
What defeats bona fide purchaser status?
What is a bona fide occupational qualification?
