Legal Opinion
Cliffside Park v. Progressive
New Jersey Court of Chancery
Decided June 7, 1937PublishedCited by 12 opinions
1Opinion of the Court
On March 1st, 1929, complainant (hereinafter called "Cliffside"), holder of a $60,000 mortgage made in 1928 by Plaza Theatre Co. of New Jersey, (hereinafter called "Plaza"), filed bill to foreclose; and on April 2d 1929, it also filed bill in insolvency as general creditor of Plaza, resulting in decree of insolvency on that same date and order appointing one Preston as receiver.
The mortgage covered theatre premises at Palisades Park, N.J., known as Park Lane Theatre; and was a second mortgage, subordinate to a first mortgage of $150,000.
Final decree for some $72,000 was entered in the…
2Cases cited14 opinions
- Institute Building & Loan Ass'n v. EdwardsNew Jersey Court of Chancery · 1913
- Home Owners' Loan Corp. v. CollinsNew Jersey Court of Chancery · 1936
- Jackson Trust Co. v. GilkinsonNew Jersey Court of Chancery · 1929
- Swedesboro Loan & Building Ass'n v. GansNew Jersey Court of Chancery · 1903
- Herbert v. Mechanics Building & Loan Ass'nSupreme Court of New Jersey · 1864
9 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Camden Co. Welfare Bd. v. Federal Dep. Ins. Co.New Jersey Superior Court Appellate Division · 1948
- Bennett v. WestfallCourt of Appeals of Maryland · 1946
- Illinois National Insurance v. Wyndham Worldwide Operations, Inc.District Court, D. New Jersey · 2015
- Gutermuth v. RopieckiNew Jersey Superior Court Appellate Division · 1977
- NJ BANK v. Azco Realty Co., Inc.New Jersey Superior Court Appellate Division · 1977
7 more not listed; retrieve them via the Exa API.