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COMMERCIAL CREDIT CORP. v. CONGLETON

21 N.J. Super. 88 (1952)

90 A.2d 550

COMMERCIAL CREDIT CORPORATION, ET ALS., PLAINTIFFS, v. RICHARD J. CONGLETON, ESSEX COUNTY PROSECUTOR, ET ALS., DEFENDANTS.

Superior Court of New Jersey, Essex County Court Law Division.

Decided July 10, 1952.

Attorney(s) appearing for the Case

Messrs. Green & Yanoff, attorneys for plaintiff Commercial Credit Corporation.

Mr. Irving Piltch, attorney for County Bank & Trust Company.

Messrs. Chivian & Chivian, attorneys for General Acceptance Corp.

Mr. Milton S. Kramer, attorney for Associates Discount Co.

Mr. Edward Gaulkin, Prosecutor, and Mr. Edward Schoen, Jr., attorneys for Mr. Richard J. Congleton, County Prosecutor, and for Mr. Theodore D. Parsons, Attorney-General of the State of New Jersey.

COLIE, J.S.C.

These cases, four in number, are before the court, sitting without a jury, on a stipulation of facts. The plaintiffs are engaged in the business of purchasing commercial paper and are the holders of conditional sales contracts purchased for value in the regular course of business. The automobiles covered by the contracts have been seized pursuant to R.S. 24:18-38.1 to 38.3, inclusive, and are held...

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