Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Purchaser
1 One who obtains property for money or other valuable consideration; a buyer,
affiliated purchaser
Securities. Any of the following: (1) a person directly or indirectly acting in concert with a distribution participant in connection with the acquisition or distribution of the securities involved; (2) an affiliate who directly or indirectly controls the purchases of those securities by a distribution participant, or whose purchases are controlled by such a participant, or whose purchases are under common control with those of such a participant; (3) an affiliate, who is a broker or a dealer (except a broker-dealer whose business consists solely of effecting, transactions in "exempted securities," as defined in the Exchange Act); (4) an affiliate (other than a broker-dealer) who regularly purchases securities through a broker-dealer, or otherwise, for its own account or for the account of others, or recommends or exercises investment discretion in the purchase or sale of securities (with certain specified exceptions). SEC Rule lob-18(a)(2) (17 CFR ยง 240.1Ob-18(a)(2)).
bona fide purchaser
One who buys something for value without notice of another's claim to the item or of any defects in the seller's title; one who has in good faith paid valuable consideration for property without notice of prior adverse claims. - Abbr. BFP. - Also termed good-faith purchaser; purchaser in good faith; innocent purchaser.
bona fide purchaser for value
One who purchases legal title to real property, without actual or constructive notice of any infirmities, claims, or equities against the title. Generally, a bona fide purchaser for value is not affected by the transferor's fraud against a third party, and has a superior right to the transferred property as against the transferor's creditor to the extent of the consideration that the purchaser has paid. - Also termed innocent purchaser for ualue.
bona fide purchaser for value.
See PURCHASER (1).
bona fide purchaser.
See PURCHASER
first purchaser
An ancestor who first acquired an estate that still belongs to the family. pure accident See unauoidable accident under ACCIDENT.
first purchaser.
See PURCHASER (2).
good-faith purchaser
See bona fide purchaser.
indirect-purchaser doctrine. Antitrust.
The principle that in litigation for price discrimination, the court will ignore sham middle parties in determining whether different prices were paid by different customers for the same goods.
innocent purchaser
See bona fide purchaser.
innocent purchaser for value
See bona fide purchaser for value under PURCHASER.
innocent purchaser.
See bona fide purchaser under PURCHASER.
purchaser for value
A purchaser who pays consideration for the property bought.
purchaser in good faith
See bona fide purchaser. 2. One who acquires real property by means other than descent or inheritance.