FUTURITY REALTY CORP. v. PASSAIC NAT. B. & T. CO.


2 N.J. Super. 175 (1948)

62 A.2d 706

FUTURITY REALTY CORPORATION, AND ANOTHER, COMPLAINANTS, v. PASSAIC NATIONAL BANK & TRUST COMPANY, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided December 8, 1948.


Attorney(s) appearing for the Case

Messrs. Gurtman & Schomer (Mr. William N. Gurtman), for complainants.

Messrs. Corbin & Corbin (Mr. Ralph A. Corbin) for defendant.


BIGELOW, J.S.C.

Complainants seek to recover moneys that they paid the defendant bank from time to time through the years, beginning in 1931. The Futurity Realty Corporation had been organized the preceding October by Dr. Morris Joseph, who conveyed to it his home in Paterson and a summer place at Budd Lake. A few months later, January 19, 1931, he assigned to the corporation a half interest in a valuable lease. The consideration for these transfers was the capital...

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