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JACOBS v. GREAT PAC. CENTURY CORP.

197 N.J. Super. 378 (1984)

484 A.2d 1312

SAMUEL A. JACOBS, INDIVIDUALLY AND ON BEHALF OF ALL THOSE SIMILARLY SITUATED, PLAINTIFFS, v. GREAT PACIFIC CENTURY CORPORATION, DEFENDANT.

Superior Court of New Jersey, Law Division Bergen County.

Decided May 29, 1984.

Attorney(s) appearing for the Case

Bruce H. Nagel for plaintiffs (Meth, Nagel, Rice & Bausch, attorneys).

Michael R. Griffinger for defendant (Crummy, Del Deo, Dolan & Purcell, attorneys).

MINUSKIN, J.S.C.

For determination at the conclusion of a nonjury trial is whether interest earned on an escrowed deposit belongs to the buyer or the seller of a cooperative apartment if the purchase contract makes no provision.

Defendant sold cooperative apartments to the general public including plaintiff. Complying with New Jersey and New York statutes1, defendant provided for...

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