Good Faith Purchaser

What is Good Faith Purchaser?

A definition of good faith purchaser is: A purchaser who buys without notice of circumstance which would put a person of ordinary prudence on inquiry as to the title, or as to an impediment on the title, of a seller. More details on the Encyclopedia. Sometimes used interchangeably with a “buyer in ordinary course of business” when the seller is a merchant. More details on the Encyclopedia. UCC 1-201(9), 2 – 403.[1]

Resources

Notes

1. “Good Faith Purchaser” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also