Legal Opinion
Shields v. John Shields Construction Co.
New Jersey Court of Chancery
Decided February 16, 1914PublishedCited by 9 opinions
1Opinion of the Court
Stevens, Y. C.
In the settlement of the affairs of the defendant, an insolvent corporation, a question has arisen growing out of the following facts:
*22On September 30th, 1905, the construction company applied to the Metropolitan Bank for a loan of $5,000. This loan was granted and the company gave its note of that date payable three months thereafter. At the time of the application, its president, John Shields, made a statement signed on behalf of the company containing, among other things, the following stipulation :
“In consideration of granting any credit by said bank, the undersigned agree…
2Cases cited2 opinions
- Fera v. . WickhamNew York Court of Appeals · 1892
- Frank v. . Mercantile National BankNew York Court of Appeals · 1905
3Cited by9 opinions
- Susquehanna Chemical Corp. v. Producers Bank & Trust Co.Court of Appeals for the Third Circuit · 1949
- Elsinore Shore Associates v. First Fidelity Bank, N.A. (In Re Elsinore Shore Associates)United States Bankruptcy Court, D. New Jersey · 1986
- Rogosin v. City Trust Co. of PassaicNew Jersey Court of Chancery · 1930
- Tumarkin v. First National State Bank of NJNew Jersey Superior Court Appellate Division · 1976
- Leech v. Campbell DuncanNew Jersey Court of Chancery · 1928
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