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FASOLO v. REGNU, INC.

8 N.J. Super. 234 (1950)

73 A.2d 846

WILLIAM A. FASOLO, RECEIVER OF TOOL-A-MATIC MACHINE CO., INC., A CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. REGNU, INC., A CORPORATION OF THE STATE OF NEW YORK, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided June 12, 1950.

Attorney(s) appearing for the Case

Mr. Samuel Milberg argued the cause for appellant.

Mr. Isadore Glauberman argued the cause for respondent.

Before Judges McGEEHAN, COLIE and EASTWOOD.

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

This appeal is from a judgment of the Chancery Division setting aside a chattel mortgage made by Tool-A-Matic Machine Company (hereinafter referred to as T M C) to Regnu, Inc.

Plaintiff, statutory receiver of T M C filed a complaint seeking to set aside the chattel mortgage upon the ground that T M C was insolvent within the meaning of R.S. 14:14-2 when the mortgage was given to Regnu and also...

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