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JALA CORP. v. BERKELEY SAVINGS & LOAN ASS'N

104 N.J. Super. 394 (1969)

250 A.2d 150

JALA CORPORATION, A CORPORATION OF THE STATE OF NEW JERSEY, JACK SALL, THEODORE SALL, CARL GELMAN AND JEROME J. GELMAN, AS THEIR INTERESTS MAY APPEAR, PLAINTIFFS-RESPONDENTS, v. BERKELEY SAVINGS AND LOAN ASSOCIATION OF NEWARK, NEW JERSEY, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided February 6, 1969.

Attorney(s) appearing for the Case

Mr. Herman Fast argued the cause for appellant (Messrs. Fast & Fast, attorneys).

Mr. Paul Seligman argued the cause for respondents (Messrs. Gelman and Gelman, attorneys).

Before Judges CONFORD, KILKENNY and LEONARD.

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

After a trial without jury defendant appeals from a judgment entered against it in the sum of $2,820.30 plus interest and costs.

The stipulated facts follow: On March 6, 1964 plaintiff corporation purchased a certain tract of land located in Newark, upon which there was erected a four-story apartment house. In order to finance this purchase plaintiffs...

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