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BRUCK v. THE CREDIT CORPORATION

2 N.J. Super. 196 (1948)

65 A.2d 86

LEO BRUCK, STATUTORY RECEIVER OF MARLOWE MOTORS, INC., PLAINTIFF, v. THE CREDIT CORPORATION, A CORPORATION OF NEW JERSEY, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided December 30, 1948.

Attorney(s) appearing for the Case

Mr. Harry G. Cohen, for the plaintiff.

Mr. Charles Blume, for the defendant.

FREUND, J.S.C.

The plaintiff on October 14, 1947 was appointed statutory receiver of Marlowe Motors, Inc., an insolvent corporation. He brought this action to declare null and void four chattel mortgages made by the insolvent corporation to the defendant, dated, respectively, August 27, September 5, 7 and 23, 1947. Their validity is challenged on two grounds: first, that the statement of intention to execute and accept a series of chattel mortgage transactions, dated...

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