CA Foundation doubt
Bona fide purchaser means???
Asked by Harsh25 Aug 2024360 views
1 answer
Khush · 25 Aug 2024
bona fide purchaser is a person who buys something in good faith and without any reason to suspect irregularities in the transaction. They purchase an asset for its stated value and are innocent of any facts that would cast doubt on the seller's right to sell the asset.
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