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What does "bona fide" mean?

  1. In bad faith

  2. With malice

  3. In good faith

  4. With intent to deceive

The correct answer is: In good faith

The term "bona fide" translates from Latin to mean "in good faith." It is commonly used in legal terminology to signify that something is authentic or genuine. In the context of legal agreements, a bona fide transaction typically indicates that parties involved are acting honestly and without intention to deceive or commit fraud. Understanding this term is essential for court reporters, as they may encounter "bona fide" in various legal documents and proceedings, where it denotes the legitimacy of actions, intentions, or relationships. This concept reinforces the importance of sincerity in legal matters, distinguishing between genuine practices and those tainted by dishonesty or malice.