Jamie purchased a compound bow from Tyler.Jamie can prove he is a BFP by showing only that he gave value and acted in good faith.

Question

Quizplus · Accepted Answer

A Bona Fide Purchaser (BFP) is someone who purchases property in good faith, without notice of any defects or liens on the property. In this case, if Jamie can prove that he gave value (paid for the compound bow) and acted in good faith (had no reason to believe there were any defects or liens on the bow), then he can show that he is a BFP and is entitled to keep the property even if there were any prior claims or defects on it.

Jamie Purchased a Compound Bow from Tyler