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THE FARMERS, ETC., OF BRIDGETON v. BDWLK. NAT. BANK

101 N.J. Super. 528 (1968)

245 A.2d 35

THE FARMERS AND MERCHANTS NATIONAL BANK OF BRIDGETON, NEW JERSEY, A NATIONAL BANKING CORPORATION, PLAINTIFF-RESPONDENT, v. BOARDWALK NATIONAL BANK, DEFENDANT-RESPONDENT, AND HAMMONTON INVESTMENT & MORTGAGE CO., DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided June 25, 1968.

Attorney(s) appearing for the Case

Mr. Clarence Blitz argued the cause for appellant.

Mr. Samuel J. Serata argued the cause for plaintiff-respondent.

Mr. John R. Armstrong argued the cause for defendant-respondent (Messrs. Kirkman, Mulligan, Bell & Armstrong, attorneys).

Before Judges GAULKIN, LEWIS and KOLOVSKY.

The opinion of the court was delivered by KOLOVSKY, J.A.D.

Plaintiff (Farmers), claiming to be a holder in due course of seven drafts dated January 12, 1966 drawn by Reeves Motors, Inc. (Reeves) to its own order on defendant Hammonton Investment & Mortgage Co. (Himco) and "payable through Boardwalk National Bank, Atlantic City, New Jersey" (Boardwalk), recovered a judgment for $10,250, the amount of the drafts, plus interest, against Himco and Boardwalk. The order...

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