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Encyclopedia Britannica



BONA FIDE (Lat. " in good faith ")

This article appears in Volume V04, Page 191 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: BLA-BOS
BONA FIDE (Lat. " in good faith ") , in law, a
term
  implying the
absence
  of all fraud or unfair dealing or acting. It is usually employed in conjunction with a noun, e.g."
bona
  fide purchaser," one who has
purchased
  property from its legal owner, to whom he has paid the consideration, and from whom he has taken a legal
conveyance
 , without having any notice of any trust affecting the property; "
bona
  fide holder " of a
bill
  of exchange, one who has taken a
bill
  complete and
regular
  on the face of it, before it was overdue, and in good faith and for value, and without notice of any defect in the
title
  of the person who negotiated it to him; " bona fide traveller " under the licensing acts, one whose lodging-place during the preceding night is at least 3 M. distant from the place where he demands to be supplied with liquor, such distance being calculated by the nearest public thoroughfare.


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