Legal Opinion
Delaware Truck Sales, Inc. v. Wilson
Supreme Court of New Jersey
Decided January 14, 1993PublishedCited by 8 opinions
1Opinion of the Court
The opinion of the Court was delivered by
HANDLER, J.
This ease presents issues of commercial law arising from the secured indebtedness of a business corporation and attempts by two creditors to satisfy their respective obligations out of the same collateral security. The controversy arose after the debt- or defaulted on both obligations. The debtor surrendered to the .second or junior creditor its accounts receivable, which the junior creditor then collected. The senior creditor, a bank, which had obtained a default judgment against the debtor, made a claim against the junior creditor,…
2Cases cited6 opinions
- Meyer v. United StatesSupreme Court of the United States · 1963
- Langeveld v. L. R. Z. H. Corp.Supreme Court of New Jersey · 1977
- Lenape State Bank v. Winslow Corp.New Jersey Superior Court Appellate Division · 1987
- Ottenheimer Publishers, Inc. v. Regal Publishers, Inc.Court of Appeals of Tennessee · 1981
- New Hampshire Business Development Corp. v. F.R. Lepage Bakery, Inc.Court of Appeals for the First Circuit · 1987
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Great Falls Bank v. PardoNew Jersey Superior Court Appellate Division · 1994
- Interchange State Bank v. RinaldiNew Jersey Superior Court Appellate Division · 1997
- Brae Asset Fund, LP v. NewmanNew Jersey Superior Court Appellate Division · 1999
- Pereira v. United Jersey Bank, N.A.District Court, S.D. New York · 1996
- NAT. WESTMINSTER BANK NJ v. LomkerNew Jersey Superior Court Appellate Division · 1994
3 more not listed; retrieve them via the Exa API.