Legal Opinion
McCarthy v. Schwalje
New Jersey Superior Court Appellate Division
Decided October 14, 1988PublishedCited by 2 opinions
1Opinion of the Court
BACHMAN, J.S.C.
Robert and Rosemary Mandy and Joseph and Bernadette Schwalje formed a partnership in 1978 to own and operate a liquor store, Barry’s Liquors. A series of complex financial transactions followed, and various property of the partners was used to secure financing for the venture. The partnership defaulted on its obligations, and a series of foreclosure suits was instituted.
Three mortgages remain open as of record on the Mandy property. By a determination by this Court on April 10, 1987, these are as follows:(1) A mortgage dated August 31, 1981 by the Mandys and the Schwaljes to…
2Cases cited4 opinions
- Judson v. Peoples Bank & Trust Co. of WestfieldSupreme Court of New Jersey · 1954
- D'ippolito v. CastoroSupreme Court of New Jersey · 1968
- Atlantic Seaboard Co. v. Borough of Seaside ParkNew Jersey Superior Court Appellate Division · 1955
- First Federal Savings & Loan Ass'n v. FinkNew Jersey Superior Court Appellate Division · 1968
3Cited by2 opinions
- Howard Savings Bank v. CohenSuperior Court of Pennsylvania · 1992
- Howard Savings Bank v. CohenSuperior Court of Pennsylvania · 1992