Fiedler Corp. v. Peak Realty Co.

The bill is by complainant, Fiedler Corporation, to foreclose its mortgage executed by Schober Rhyne, Incorporated, in the sum of $27,000. By amendment of its certificate of incorporation, Schober Rhyne, Incorporated, changed its name to Schober Tire Company. It was made a defendant under P.L. 1932 in order to establish its liability for deficiency. The mortgagor conveyed the premises covered by the mortgage to the Peak Realty Company.

The answer and counter-claim filed by Schober Tire Company alleged that the premises in question were conveyed by it to the defendant Peak Realty Company for a…