A person who acquires title by inheritance is a bona fide purchaser for value.

Name: A person who acquires title by inheritance is a bona fide purchaser for value.
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Question

Quizplus · Accepted Answer

A bona fide purchaser for value is someone who buys property for value without notice of any other claims or defects in the title of the seller. Inheriting property does not involve purchasing it for value, so a person who acquires title by inheritance is not considered a bona fide purchaser for value.

A Person Who Acquires Title by Inheritance Is a Bona