Fidelity Land Dev. Corp. v. RIEDER & SONS BUILDING AND DEV. CO.

151 N.J. Super. 502 (1977)

377 A.2d 691

FIDELITY LAND DEVELOPMENT CORPORATION, PLAINTIFF-RESPONDENT,

v.

RIEDER & SONS BUILDING AND DEVELOPMENT CO., INC., DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided June 29, 1977.

Before Judges BISCHOFF, MORGAN and KING.

Messrs. Greenbaum, Greenbaum, Rowe & Smith, attorneys for appellant (Mr. Dennis A. Estis on the brief).

Messrs. Gutkin, Miller, Shapiro, Berson & Hochberg, attorneys for respondent (Mr. Barry I. Siegel on the brief).

This appeal concerns the validity of so-called "due on transfer" clauses frequently found in mortgage…