Legal Opinion
McLaughlin v. Presley
Supreme Court of New Jersey
Decided February 15, 1978PublishedCited by 6 opinions
1Opinion of the Court
The opinion of the court was delivered by
Pashman, J.
At issue is the correctness of a Superior Court, Chancery Division holding that a prospective buyer may unilaterally withdraw from an agreement for the purchase of an aircraft made with the statutory receiver of its insolvent corporate owner. The lower court’s action was based on its perception of the effect of a contingency clause in the agreement purporting to make the buyer’s offer to purchase non-binding until approved by the court supervising the receivership proceedings. If such a unilateral withdrawal is impermissible, the question…
2Cases cited15 opinions
- Camden v. MayhewSupreme Court of the United States · 1889
- Detroit Football Company v. John RobinsonCourt of Appeals for the Fifth Circuit · 1960
- Frazier v. AshCourt of Appeals for the Fifth Circuit · 1956
- New York Football Giants, Inc. v. Los Angeles Chargers Football Club, Inc., and Charles FlowersCourt of Appeals for the Fifth Circuit · 1961
- Omaha Public Power District, a Corporation v. The Employers' Fire Insurance Company, a CorporationCourt of Appeals for the Eighth Circuit · 1964
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3Cited by6 opinions
- Spring Creek Holding Company, Inc. v. Shinnihon USA Co., Ltd.New Jersey Superior Court Appellate Division · 2008
- Bassford v. Trico Mortg. Co., Inc.New Jersey Superior Court Appellate Division · 1993
- Achaogen, Inc.United States Bankruptcy Court, D. Delaware · 2023
- Henry v. New Jersey Department of Human ServicesSupreme Court of New Jersey · 2010
- Henry v. New Jersey Department of Human ServicesSupreme Court of New Jersey · 2010
1 more not listed; retrieve them via the Exa API.