Lincoln Furniture Co. v. Bornstein

On December 8th, 1919, Philip and Newton Bornstein leased to Carl Worman the store building 47 Market street, Newark, for ten years, from January 1st, 1920. The lease contains a covenant that the lessee "will not re-let or under-let the said premises, or any part thereof, nor assign this lease, without the written consent of" the lessors, and the right of re-entry was reserved upon default in any of the covenants. Four days later Worman incorporated the Lincoln Furniture Company, of which he held seventy-five per cent. of the capital stock; was its president, and since its inception the…