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What does 'bona fide' mean?
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The Bona Fide Need rule (law) requires appropriated funds be used only for goods and services for which a need arises during the period of that appropriation’s availability for obligation.
- Origin of Bona FIDE
- Contract Law
- Company Law
- Land Law
The term has its origin in the Roman Empire, where it was used to describe a person who acted with honesty, trustworthiness, and integrity. Over time, the term's meaning evolved to include actions that were taken without any deceit or fraud. In current legal parlance, the term is often used to describe a person or entity acting in good faith with r...
The distinction between a void and voidable contract is essential for the purchase of products obtained through duress or undue influence. A bona fide purchaser is a third party who pays an equitable price for goods without being made aware of any other party's claim to the goods' title. The buyer acquires good title to the goods if he purchases th...
In Regal (Hastings) Ltd v Gulliver[1942] 1 All ER 378 Lord Russell of Killowen said: "The rule of equity which insists on those who by use of a fiduciary position make a profit, being liable to account for that profit, in no way depends on fraud, or absence of bona fides; or upon questions or considerations as whether the property would or should o...
The doctrine of notice is an equitable doctrine that dictates where certain conditions are fulfilled equity will regard a bona fidepurchaser for value without notice as “Equity’s Darling”. It is a good faith party that gives money without knowledge of the trust. Equity’s Darling takes the property free of any rights of the beneficiary.
Oct 5, 2018 · Bona Fide defined and explained with examples. Bona Fide is something that has been made or done in good faith, without intent to deceive or defraud anyone.
Bona fide represents integrity, honesty, and good faith in legal and financial contexts. It ensures that transactions, relationships, and practices are conducted sincerely and without deceit, fostering trust and compliance with legal standards.
Innocent purchaser of property who purchases for value without notice of any other party’s claim against the property. So long as a bona fide purchaser properly records the transaction, the bona fide purchaser takes good title to the property despite competing adverse claims.
In a problem question which raises bona fide purchaser issues, is the notice actual, constructive or imputed? Depending on the type of notice, what is the consequence? Make sure you highlight the relevant sections in the Law of Property Act 1925 in your statute exam book.
Subject (s): Soft law — General principles of international law — Vienna Convention on the Law of Treaties — Good faith — UN Charter. Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020 ...