Legal Opinion

First National Bank of Toms River v. Marine City, Inc.

Court of Appeals for the Third Circuit

Decided May 21, 1969No. Nos. 17566, 17567PublishedCited by 3 opinions

1Opinion of the Court

OPINION OF THE COURT

FREEDMAN, Circuit Judge.

We must thread our way through a labyrinth to reach the issue presented to us by this appeal.

On December 27, 1962 Magmat Construction Co., Inc. (Magmat) entered into contracts with Sica Skiffs, Inc. (Sica) under which Magmat agreed to build certain improvements on Sica’s premises in New Jersey for a total contract price of approximately $498,000. Sica later deeded a portion of the premises to its wholly owned subsidiary, Marine City, Inc. (Marine). Then, on January 28, 1963, Marine and Sica executed an installment promissory note in the amount of…

2Cases cited3 opinions

  1. Orange Theatre Corp. v. Rayherstz Amusement Corp.Court of Appeals for the Third Circuit · 1942
  2. Jane G. Kelly v. Agnes J. Reeves Greer and Mellon National Bank and Trust Company. Jane G. Kelly v. Agnes J. Reeves Greer and Pittsburgh National BankCourt of Appeals for the Third Circuit · 1964
  3. Jane G. Kelly v. Agnes J. Reeves Greer and Mellon National Bank and Trust Company Jane G. Kelly, Individually And/or on Behalf of Her Children, Richard Greer Raese, John Reeves Raese, David Aubrey Raese and Jane Kelly, Jane G. Kelly v. Agnes J. Reeves Greer and Pittsburgh National BankCourt of Appeals for the Third Circuit · 1966

3Cited by3 opinions

  1. Jeep Corp. v. Second Judicial District CourtNevada Supreme Court · 1982
  2. The First National Bank of Toms River, N.J., a National Banking Association New Jersey Business Development Corporation, a Corporation of New Jersey and Peoples National Bank in Lakewood, a National Banking Association v. Marine City, Inc., a Corporation of New Jersey Magmat Construction Co., Inc., a N.J. Corporation, Rel Yacht Sales, Inc., a Corporation of New Jersey v. Eugene P. Foley, Administrator of Small Business Administration Small Business Administration, a Federal Governmental Agency Organized and Existing Pursuant to the Laws of the U.S., Having an Office for the Transaction of Business at 1115 Chestnut St., Phila., Pa. Magmat Construction Co., Inc., in No. 17,566, Albert Kushinsky, in No. 17,567Court of Appeals for the First Circuit · 1969
  3. Rismed Oncology Systems, Inc. v. BaronDistrict Court, N.D. Alabama · 2014

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