Home > Terms > English, UK (UE) > Possessor in good faith

Possessor in good faith

One who takes possession of land or other assets in the process of executing a contract believed to be legitimate, even if elements of it are found to be not in accordance with applicable laws. In cases where contracts are not in compliance with legal restrictions, the law may look more favourably on a counterparty to the contract who was not aware of legal deficiencies in the agreement.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Military Category: Navy

Navy SEALs

As part of the Navy's Sea, Air and Land Forces, the Navy SEALs are expertly trained to deliver highly specialized, intensely challenging warfare ...

Contributor

Featured blossaries

Loc Styles

Category: Fashion   1 5 Terms

Prominent Popes

Category: Religion   1 20 Terms

Browers Terms By Category