Bona Fide

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Related to Bona Fide: Bona fide occupational qualification

Bona Fide

[Latin, In good faith.] Honest; genuine; actual; authentic; acting without the intention of defrauding.

A bona fide purchaser is one who purchases property for a valuable consideration that is inducement for entering into a contract and without suspicion of being defrauded or deceived by the seller. He or she has no notice of any defects of the title. A bona fide purchaser pays in Good Faith full value for the property and, without any Fraud, goes into possession.

bona fide

adj. Latin for "good faith," it signifies honesty, the "real thing" and, in the case of a party claiming title as "bona fide" purchaser or holder, it indicates innocence or lack of knowledge of any fact that would cast doubt on the right to hold title.

BONA FIDE. In or with good faith.
2. The law requires all persons in their transactions to act with good faith and a contract where the parties have not acted bona fide is void at the pleasure of the innocent party. 8 John. R. 446; 12 John. R. 320; 2 John. Ch. R. 35. If a contract be made with good faith, subsequent fraudulent acts will not vitiate it; although such acts may raise a presumption of antecedent fraud, and thus become a means of proving the want of good faith in making the contract. 2 Miles' Rep. 229; and see also, Rob. Fraud. Conv. 33, 34; Inst. 2, 6 Dig. 41, 3, 10 and 44; Id. 41, 1, 48; Code, 7, 31; 9 Co. 11; Wingate's Maxims, max. 37; Lane, 47; Plowd. 473; 9 Pick. R. 265; 12 Pick. R. 545; 8 Conn. R. 336; 10 Conn. R. 30; 3 Watts, R. 25; 5 Wend. R. 20, 566. In the civil law these actions are called (actiones) bonae fidei, in which the judge has a. more unrestrained power (liberior potestas) of estimating how much one person ought to give to or do, for another; whereas, those actions are said to be stricti juris, in which the power of the judge is confined to the agreement of the parties. Examples of the foraier are the actions empti-venditi, locati-conducti, negitiorum gestorum, &c.; of the latter, the actions ex mutus, ex chirographo, ex stipilatu, ex indebito, actions proescriptis verbis, &c.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.

References in periodicals archive ?

Provement of that the bona fide possession is not just an actual

The constitutional regulation of property rights

1986), the only question left was whether Sanders was a bona fide resident of the U.S.

Taxpayer was a bona fide resident of U.S. Virgin Islands

This borrower must pay a 0.5 percent discount, which is not a bona fide discount point because it wasn't used to lower the rate.

A game of semantics

Minha opiniao.--Premissa fundamental: a bona fides e um fato etico nao alterado pelo direito, em qualquer relacao que seja assumida.--Consequencias: I.

The essence of bona fides and its relation to the theory of error/A essencia da bona fides e sua relacao com a teoria do erro

Benefits and complexities Ultimately, using prevailing wages to channel fringe benefits into a bona fide benefit plan can save money, boost your competitive edge, and create a solid retirement and insurance plan for your employees.

Turning prevailing wages into employee benefits and cash savings

All three territories do not allow discrimination based on age, with the following exceptions: Yukon, if a BFOR; Nunavut, for genuine retirement or pension plans and if a BFOR; and the Northwest Territories, for bona fide retirement or pension plans, and if a BFOR.

Working overtime: mandatory retirement in Canada

2036(a) applies for bona fide sales for full and adequate consideration.

FLP litigation: have Strangi and Bongard provided clarification, guidance on FLPs?

Bona Fide rule applications evolved and were continually redefined throughout the years by Congress in order to improve procurement process flexibility.

Federal fiscal operations and maintenance funding rules: what contract managers need to know; Maintaining vigilance in O & M funding issues and sharing knowledge among the agency's management and employees is a necessity--not an option

"(Entries are limited to bona fide newsletters that have been issued regularly for more than one year and are supported by advertising or paid subscriptions.

Call for entries--

The records manager did not consider the new procedure a bona fide ERM system.

Electronic records management on a shoestring: Three case studies: Developing and implementing a full-fledged, certified ERM system requires time, resources, and a big budget. But the records manager who takes low-cost, high-value steps can reach a successful outcome

None of the tides listed in 'ROUND THE WAY have anything to do with bona fide hip-hop.

From 'Round the Way

"I am not demeaning cheerleading skills," says Lopiano, "but is it a bona fide athletic opportunity for women or a convenient one for the athletic department?"

Off the sidelines: cheerleading is now a varsity sport at the University of Maryland, but not everyone's cheering

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