Jacobson v. First National Bank

Leyden, C. C. J.

The defendant moves for Judgment on the pleadings, asserting that the issues sought to be raised in the present action are res judicata by virtue of a final decree of the Court of Chancery and its satisfaction, in a proceeding between the same parties involving the same subject-matter. A resume of the controversy is necessary to an understanding of the problem.

In June, 1939, the plaintiffs were the owners of a plot of land in Oradell, Hew Jersey, on which they decided to erect a dwelling. To that end, through an intermediary, Mortgage Service Bureau, the plaintiffs and the…