Legal Opinion
National Newark & Essex Banking Co. of Newark v. Durant Motor Co.
Supreme Court of New Jersey
Decided April 21, 1939PublishedCited by 8 opinions
1Opinion of the Court
Pee Cubiam.
The complainant was trustee under a trust mortgage of Durant Motor Company of New Jersey, defendant, and foreclosed the mortgage in the court of chancery.
The mortgaged premises were offered for sale by a special master on November 22d, 1933. The property consisted of a large industrial plant which had been used for the manufacture of automobiles in the city of Elizabeth. It was offered for sale subject to unpaid taxes due the city of about $550,000, and to fees and expenses of about $120,000.
The only bid offered was a special one which in due course was assigned to the Waverly…
2Cited by8 opinions
- Peoples Trust Company of Bergen County, of the Estate of Dora Plume, Deceased v. United StatesCourt of Appeals for the Third Circuit · 1971
- Bookman v. R.J. Reynolds Tobacco Co.New Jersey Court of Chancery · 1946
- Kase v. KaseNew Jersey Superior Court Appellate Division · 1952
- Lich v. United States Rubber Co.District Court, D. New Jersey · 1941
- Dohme v. the Pacific Coast Co.New Jersey Superior Court Appellate Division · 1949
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