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CONTINENTAL FIN., INC. v. CAMBRIDGE LEE METAL

100 N.J. Super. 327 (1968)

241 A.2d 853

CONTINENTAL FINANCE, INC., A CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF, v. CAMBRIDGE LEE METAL CO., INC., A CORPORATION OF THE STATE OF NEW JERSEY AND UNITED STATES OF AMERICA, DEFENDANTS.

Superior Court of New Jersey, Law Division.

Decided April 5, 1968.

Attorney(s) appearing for the Case

Mr. William S. Katchen for plaintiff (Messrs. Ravin & Ravin, attorneys, Mr. David N. Ravin of counsel).

Mr. Donald A. Resnikoff, Assistant United States Attorney (Mr. Matthew J. Scola, Assistant United States Attorney, on the brief for defendant, United States of America, Mr. David M. Satz, Jr., United States Attorney).

HAND, J.S.C.

This case involves a determination as to the relative priorities between Continental Finance, Inc., and the United States, to an available fund of $10,812 in the above-entitled case. Continental Finance is basing its claim to a first priority upon a security agreement, dated December 19, 1962, between it and Centre Trucking Co., Inc., Newark, New Jersey, providing for the assignment of accounts receivable now in existence or hereafter created or coming...

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