Mala Fides Law and Legal Definition

Mala fides is a Latin term which means ‘in bad faith.’ For example, a seller's representation that a particular commodity is usable for a particular purpose when in fact the seller knows that it is not. A mala fide purchaser is a person buying property from another with the knowledge that it has been stolen. On the other hand, a bona fide purchaser buys property without the knowledge that the seller has no legal title to the property.