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What does 'bona fide' mean in a legal document?
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Oct 5, 2018 · The term “bona fide” is used to describe something that is presented as authentic or real. For example, a bona fide purchaser is someone who has no reason to raise suspicions that he should not be allowed to purchase a parcel of property.
What does "bona fide" mean in legal terms? In legal terms, "bona fide" describes a person or action that is honest and legitimate. For example, a "bona fide purchaser" is someone who buys something without knowing about any problems or issues with it. Who is considered a "bona fide" buyer?
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.
The term is commonly used in contract law and refers to agreements that are made with genuine intention and without any fraudulent or deceitful behavior. In essence, bona fide is a term that reflects sincerity, honesty, and good intentions in any given action.
Refers to a situation that involves sincerity and sanctity, being free of deceit or fraud. Relates to something that is lawfully valid and in complete accordance with legal regulations. Describes actions or attitudes marked by sincerity and genuine intention.
1 The Latin term bona fides, often also used in the inflected forms bonae fidei and bona fide, means good faith. The very wording already discloses a broad intent because of which the bona fides principle—even though being fundamental to more or less every legal system on a world scale—has often been criticized as ambiguous if not amorphous ...
Bona fide. In good faith, honestly, without fraud or deceit. End of Document. Resource ID 4-205-5102. © 2024 Thomson Reuters.
