Legal Opinion
Jacobs v. Great Pacific Century Corp.
Supreme Court of New Jersey
Decided December 16, 1986PublishedCited by 38 opinions
1Per curiam
We granted certification, 102 N.J. 397 (1986), primarily to consider whether, in the absence of an express contractual provision, the interest earned on a real estate deposit should be considered the property of the seller or buyer. The issue arises in the context of an agreement which specifically requires that the deposit be held in an interest bearing trust account. We find that the special circumstances of this case do not call for resolution of the general issue.
As Justice Schreiber stated in Kearny PBA Local No. 21 v. Town of Kearny, 81 N.J. 208, 221 (1979),
[t]he polestar of…
2Cases cited10 opinions
- Kearny PBA Local 21 v. Town of KearnySupreme Court of New Jersey · 1979
- Casriel v. KingSupreme Court of New Jersey · 1949
- In Re the Estate of MillerSupreme Court of New Jersey · 1982
- Ace Stone, Inc. v. Township of WayneSupreme Court of New Jersey · 1966
- Medivox Prod., Inc. v. Hoffmann-LaRoche, Inc.New Jersey Superior Court Appellate Division · 1969
5 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- VRG Corp. v. GKN Realty Corp.Supreme Court of New Jersey · 1994
- Marchak v. Claridge Commons, Inc.Supreme Court of New Jersey · 1993
- Karl's Sales & Serv., Inc. v. Gimbel Bros., Inc.New Jersey Superior Court Appellate Division · 1991
- Cox v. RKA CORP.Supreme Court of New Jersey · 2000
- Bernard v. IMI Systems, Inc.Supreme Court of New Jersey · 1993
33 more not listed; retrieve them via the Exa API.