Yager v. Rubymar Corp.

This is an action brought to recover a deficiency arising on a bond after foreclosure of a mortgage, given to secure the same, covering real property in the State of New Jersey. The undisputed and established facts, so far as pertinent to an understanding of the issues and a determination of the instant case, are as follows: The defendant Rubymar Corporation, a New York corporation, having its principal place of business in this State, which has defaulted in appearing or answering in this action, did, on November 15, 1950, in Newark, New Jersey, execute and deliver to plaintiff its bond and…