Legal Opinion

Piontek v. Ceritano

New Jersey Superior Court Appellate Division

Decided February 13, 1981PublishedCited by 1 opinion

1Opinion of the Court

The opinion of the court was delivered by

KOLE, J. A. D.

The factual summary that follows suffices for the purpose of this opinion.

*613In August 1974 plaintiffs (hereafter, the Pionteks) purchased a tavern from defendants Ceritano and Steelman. The purchase price of $250,000 included a $102,397 promissory note of the Pionteks in favor of these defendants. At some point after the purchase of the tavern the Pionteks decided that the sellers had made fraudulent misrepresentations in connection with the sale and that there should be a set-off on the amount due on the note. Accordingly, they began…

2Cases cited23 opinions

  1. United States v. Pioneer American InsuranceSupreme Court of the United States · 1963
  2. Phelps v. United StatesSupreme Court of the United States · 1975
  3. United States v. Equitable Life Assurance Soc. of United StatesSupreme Court of the United States · 1966
  4. United States v. Edward I. Eiland, Trustee in Bankruptcy of Sport Coal Company, Inc., a Corporation, BankruptCourt of Appeals for the Fourth Circuit · 1955
  5. United States v. Morris WeintraubCourt of Appeals for the Sixth Circuit · 1979

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3Cited by1 opinion

  1. Pine Street Management v. City of East OrangeNew Jersey Tax Court · 1995

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