Principle

LAND LAW — Priorities — Bona Fide Purchaser for Value Without Notice Defeats Prior Equitable Interest

Area of law
LAND LAW
Court
Supreme Court

A bona fide purchaser for value without notice of prior equitable interest takes priority. Notice may be actual, constructive, or imputed. The principle applies to land law and priorities. The rule protects subsequent purchasers who act in good faith. The absence of notice is essential;…

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