Legal Opinion
Malba Terrace Corp. v. Portaupeck Properties
New Jersey Court of Chancery
Decided January 9, 1930PublishedCited by 8 opinions
1Opinion of the Court
The mortgage under foreclosure covers several hundred lots and was made by Portaupeck Properties, Incorporated. The bill alleges that the amount due thereon is $68,670, with interest from October 1st, 1928. The mortgage contains a clause whereby the holder agrees to release any of the lots for a specified sum per lot, each release to be drawn by the attorney for the holder at an expense of $5 to the releasee.
Prior to the maturity of the mortgage, Portaupeck Properties, Incorporated, entered into contracts with the answering defendants for the conveyance to them respectively of a total of…
2Cases cited8 opinions
- Haughwout & Pomeroy v. MurphySupreme Court of New Jersey · 1871
- Hermann v. Mexican Petroleum Corp.New Jersey Court of Chancery · 1915
- American Net & Twine Co. v. GithensNew Jersey Court of Chancery · 1898
- Ventnor Investment & Realty Co. v. Record Development Co.New Jersey Court of Chancery · 1911
- Avon-by-the-Sea Land & Improvement Co. v. FinnSupreme Court of New Jersey · 1898
3 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Connecticut Mutual Life Insurance v. Merritt-Chapman & Scott Corp.Court of Chancery of Delaware · 1932
- Prudential Ins. v. Merritt-Chapman ScottNew Jersey Court of Chancery · 1933
- Bruen v. SpannhakeNew Jersey Court of Chancery · 1935
- George W. Armbruster, Jr., Inc. v. City of WildwoodDistrict Court, D. New Jersey · 1930
- Heilos v. State Land Co.New Jersey Court of Chancery · 1933
3 more not listed; retrieve them via the Exa API.