Property: Recording Statutes Flashcards
1
Q
Notice Statute
A
An unrecorded conveyance or other instrument is invalid as against a subsequent bonafide purchaser
2
Q
BFP?
A
A subsequent bona fide purchaser is one who purchases for value and without notice of an adverse claim
3
Q
Race Notice Statute
A
An unrecorded conveyance of other instrument is invalid against a subsequent BFO who records first.
4
Q
Shelter rule
A
protection for a subsequent purchaser who does not satisfy the applicable record gin statute. A person who is a successor in interest to a person protected by the recording statute (BFP) is also protected.
