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Innocent Purchaser

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An individual who, in Good Faith and by an honest agreement, buys property in the absence of sufficient knowledge to charge him or her with notice of any defect in the transaction.

An individual is an innocent or goodfaith purchaser when he or she buys something, paying valuable consideration, without actual or constructive notice of any legal infirmity in the sale. The purchaser of a gold bracelet for $500 from a jewelry store cannot be charged with notice that the bracelet was stolen.



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He said: "Over the last year our Vehicle Intelligence Unit has seized stolen vehicles to a value in excess of pounds 100,000 from innocent purchasers.
I believe the police were aware of the identity of the thief but chose instead to prosecute an innocent purchaser for value twice removed down the chain.
The innocent purchaser realizes after-the-fact that he has no real choices about how the business will be run.
 
 
 
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