What must a bona fide purchaser demonstrate according to Georgia law?

A bona fide purchaser, under Georgia law, must demonstrate that they paid valuable consideration for the property and have no notice of prior conveyances. This means that the purchaser cannot have any knowledge of existing claims or interests in the property that would affect their ownership rights. By paying valuable consideration, the purchaser shows a serious commitment to the transaction, typically reflecting an exchange that is more than just nominal or minimal.

Additionally, having no notice of prior conveyances is crucial because it protects the purchaser's rights in the event they need to assert their ownership against prior claims. If they were aware of any existing claims or rights, they could be challenged on the validity of their ownership. Hence, the requirement encompasses both aspects of consideration and notice to ensure that a bona fide purchaser is genuinely acting in good faith and protecting their investment.

Options that suggest nominal consideration or the need for written consent from the seller do not align with the recognized criteria for a bona fide purchaser, as they fail to establish the necessary protections afforded to someone acting in good faith in a property transaction.