O conveys to A, who does not record. O then sells to B, who pays value without notice. A records, and then B records. Who prevails in a race-notice jurisdiction?
QUESTION
What does a race-notice recording act provide?
QUESTION
Who qualifies as a bona fide purchaser under the recording acts?
Tap to flip before you grade
ANSWER
A person who pays value and takes without notice of the prior interest. Donees and heirs do not qualify, because they do not pay value.