buyer legal definition

One who buys or agrees to make a purchase. See also purchaser.

A person who buys goods in the usual manner from a person in the business of selling such goods and who does so in good faith and without knowledge that the sale violates another personÂ’s ownership rights or security interest in the goods. Such a buyer will have good title to the item purchased. See also holder in due course.

A person who is legally and financially able and has the disposition to make a particular purchase.

See straw person (or man).