Common use of PURCHASER NOT BOUND TO ENQUIRE Clause in Contracts

PURCHASER NOT BOUND TO ENQUIRE. Each of the Security Trustee and the Receiver is authorised to give a good discharge for any monies received by it pursuant to the exercise of its power of sale and no purchaser or other person shall be bound to enquire whether the power of sale has arisen as herein provided nor be concerned with the manner of application of the proceeds of sale.