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A sale made in exchange for payment by an honest seller who does not know that there is any dispute regarding legal ownership. "The Court found that the first transfer met the requirements of a bona fide sale."
Bona fide error is a legal term referring to an unintentional mistake or oversight that may be corrected promptly to avoid exposure to legal action. Bona fide is from the Latin and used to mean "in good faith. It is commonly used as a legal term if a party fails to follow the law in attempting to collect a debt.
Bona fide means "in good faith" in Latin. When applied to business deals and the like, it stresses the absence of fraud or deception.
Bona fide error is a legal term referring to an unintentional mistake or oversight that may be corrected promptly to avoid exposure to legal action. Bona fide is from the Latin and used to mean "in good faith. It is commonly used as a legal term if a party fails to follow the law in attempting to collect a debt.
Bona Fide Defense means, with respect to any Factor Sub Account and the applicable Customer, (a) any bona fide legal defense which is valid and has been asserted by such Customer in good faith to the payment, in whole or in part, of such Factor Sub Account by such Customer resulting from a breach by Client of its