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Innocent Purchaser For Value

by investopedia.com posted 1year ago 59 views
An innocent purchaser for value is someone who unknowingly purchases assets that have been involved in fraud. : An innocent purchaser for value is someone who unknowingly or unwittingly purchases assets that have been involved in fraud. An innocent purchaser for value can exist in any number of situations, from the buying of real estate to the buying of fine art. Because the purchaser lacked knowledge of the crime, he or she may actually have the legal right to keep the property. The recovery of such property by the original owner is subject to a statute of limitations.

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