Question

A(n) _____ takes title in good faith, with no knowledge of competing claims to title. A. bona fide purchaser B. beneficial owner C. licensee D. ombudsman E. tortfeasor

Answer 1

Answer: Bona fide purchaser

Explanation:

In the legal field, a person who acquires real estate is defined as a bona fide purchaser without notification of a claim by another person on the title of the property. The bona fide purchaser can acquire property without being aware that it belonged to someone else. It is common to see cases where people have acquired real estate and are not aware that it belongs to a person. In the majority of cases, a person who buys someone else's property without being aware would have no problem if the real owner appears later, but if they bought being aware that they had an owner, problems can arise.

A bona fide purchaser can often believe that they are doing well when in fact they are not. Although a person's intentions may indeed be good, in turn, it could be doing something that is not allowed within the framework of the law. An example would be when a person builds on a property that he thinks belongs to him, having bought something and believing that he is the legitimate owner when in fact he is not