Chancellor of New Jersey v. Gummere
Supreme Court of New Jersey
On appeal from a decree advised by Vice-Chancellor Van' Fleet, whose opinion is reported in Chancellor v. Gummere, 12 Stew. Eq. 582.
1Opinion of the Court
The opinion of the court was delivered by
Reed, J.
A sale was made by virtue of a decree in chancery, in a foreclosure suit. Isaac B. Parker purchased one of the lots so sold, for the sum of $9,900. He paid, at the time, ten per cent, of the price. He never paid the remainder. The property was resold to another person, who paid the sum of $10,500. The excess of the last over the first amount was more than sufficient *280to pay the interest upon the original price and the costs incurred by reason of the resale. The entire amount realized was insufficient to pay the mortgage debt.
Mr. Parker, the…
2Cited by1 opinion
- Bigley Bros., Inc. v. Harrison Beverage Co.New Jersey Court of Chancery · 1935