:: : : In common law jurisdictions, even those where gambling itself is legal, a gambling contract is not an enforceable contract and does not provide the kind of consideration required for bona fide purchaser status.
12.
This could not have been if the principles which protect bona fide purchasers for value, in the due course of trade, without actual notice of a defect in the obligation or title, had not been practically adopted.
13.
The latter cannot usually defeat a claim to title from a bona fide purchaser for value without notice, as such a person has reasonably researched the ownership position based upon the legal title ( common law ) position.
14.
For example, if Oscar conveys Blackacre by deed to Andrew on Monday; before Andrew records the conveyance, Oscar conveys Blackacre to Bob, who is a bona fide purchaser and who is unaware of Oscar's previous conveyance of the same property.
15.
I authorized our agents to pose as bona fide purchasers of equipment on the international market, ensuring that we outbid the Argentinians, and other agents identified Exocet missiles in various markets and covertly rendered them inoperable, on information provided by the French.
16.
The modern position was reached by the beginning of the sixteenth century : The use could be enforced against anyone in the world acquiring an interest in the land other than a bona fide purchaser of the legal estate for value without notice of the use.
17.
Further, the 100 paintings'sold'after Rothko's death by the estate executors through Marlborough were not sold to bona fide purchasers, but were instead retained by the gallery which shuffled the sale monies through its accounts in Europe, and which then quickly're-sold'the works to actual purchasers for 5 to 6 times the value declared by the estate.
18.
And is the casino not a bona fide purchaser because it's gambling, or because you're suggesting they can be proved to have known ( or might or should have figured out with some background research on the gambler ) that the money is not legitimately obtained ? talk ) 15 : 05, 27 October 2014 ( UTC)
19.
That policy is to ensure that persons do not benefit from assets which were obtained with the proceeds of crime irrespective of whether the person benefiting actually knew how such property was obtained with the proceeds of crime but subject to whether or not such person may have been a bona fide purchaser for value, where different considerations may arise.
20.
Under s . 54 on a sale, exchange, lease or mortgage a bona fide purchaser / lessee / mortgagee shall if dealing in good faith with the tenant for life, be conclusively taken, as against the beneficiaries of the settlement, as having paid the best price that could reasonably be obtained and to have complied with all requisitions under the acts.
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