A PURCHASER WHO HAS KNOWLEDGE OF DEFECT OF HIS VENDOR’S TITLE CANNOT CLAIM GOOD FAITH

> A purchaser cannot close his eyes to facts which should put a reasonable man upon his guard, and then claim that he acted in good faith under the belief that there was no defect in the title of the vendor

> His mere refusal to believe that such defect exists or his willful closing of his eyes to the possibility of the existence of a defect in the vendor’s title, will not make him an innocent purchaser for value, if it afterwards develops that the title was in fact defective, and it appears that he had no such notice of the defect as would have led to its discovery had he acted with that measure of precaution which may reasonably be required of a prudent man in a like situation