Legal Opinion
Security Bldg. and Loan Asso. v. Grande
New Jersey Court of Chancery
Decided February 10, 1928PublishedCited by 5 opinions
1Opinion of the Court
The complainant's bill is to foreclose a mortgage. The owner-defendant, a corporation, admits the mortgage debt to be due, and counter-claims, setting up that the complainant holds a fire insurance policy made out to the owner and payable to the complainant as mortgagee, and containing the standard mortgagee clause that, in case of fire, and the insurance company denied liability to the owner, upon payment of the loss to the mortgagee, it would be entitled to the mortgage by subrogation and assignment; that a fire occurred, and that the owner has brought suit on the policy, in which the…
2Cases cited1 opinion
- W.D. Cashin Co. v. Alamac Hotel Co., Inc.New Jersey Court of Chancery · 1925
3Cited by5 opinions
- Fifth Ave. Bank of N.Y. v. CompsonNew Jersey Court of Chancery · 1933
- Kotler v. John Hancock, C., Ins. Co.New Jersey Court of Chancery · 1933
- Marneil Realty Corp. v. Twin Brook Realty Corp.New Jersey Court of Chancery · 1935
- Mountain Ridge, C. v. M. W., C., Co.New Jersey Court of Chancery · 1933
- Ferragina v. Insurance Co. of North AmericaNew Jersey Court of Chancery · 1932