Legal Opinion
Bell v. Merchants B. L. Assn.
New Jersey Court of Chancery
Decided October 1, 1942No. Docket 129/252PublishedCited by 2 opinions
1Opinion of the Court
On December 15th, 1930, the Donald Realty Company, a corporation of New Jersey, applied for and obtained from the defendant building and loan association a first mortgage loan of $7,500 on real estate located in the City of Newark, State of New Jersey. These complainants, Bell and Perlman, became sureties on the bond accompanying the mortgage (Exhibit C-3). They were officers of the corporate mortgagor. The bond and mortgage are the type commonly used by building and loan associations in this state. The proceeds of the mortgage went to the Donald Realty Company, the primary obligor. No part…
2Cases cited18 opinions
- Keller v. LinsenmyerNew Jersey Court of Chancery · 1927
- Horton v. BamfordNew Jersey Court of Chancery · 1911
- Wiley v. WirbelauerNew Jersey Court of Chancery · 1934
- Gorenberg v. HuntSupreme Court of New Jersey · 1931
- Burack v. MayersNew Jersey Court of Chancery · 1936
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3Cited by2 opinions
- Mannillo v. GorskiNew Jersey Superior Court Appellate Division · 1968
- Johnson v. Metropolitan Ins. Co.New Jersey Superior Court Appellate Division · 1968