Conveyances in Land Flashcards
1
Q
Bona Fide Purchaser (BFP)
A
a subsequent purchasers for value who takes land without notice of another’s claim
2
Q
3 Types of Notice
A
Actual Notice: personal knowledge or direct awareness of a claim
Constructive/Inquiry Notice: discernible through a visible inspection of the premises or the applicable recorded instruments
Record Notice: can be found literally in the grantor/grantee record index system
3
Q
Shelter Doctrine
A
a grantee who has received an interest in property from a bona fide purchaser will also be protected as a bona fide purchaser, even if the grantee would not legally qualify for this status.
4
Q
A
