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COASTAL OIL CO. v. EASTERN TANKERS SEAWAYS CORP.

29 N.J. Super. 565 (1954)

103 A.2d 26

COASTAL OIL COMPANY, A NEW JERSEY CORPORATION, PLAINTIFF-APPELLANT, v. EASTERN TANKERS SEAWAYS CORP., A DELAWARE CORPORATION, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided February 18, 1954.

Attorney(s) appearing for the Case

Mr. Harold H. Fisher argued the cause for appellant (Messrs. Shanley & Fisher, attorneys; Mr. Frank L. Bate, on the brief).

Mr. Walter H. Jones argued the cause for respondent (Mr. Irving C. Evers, on the brief).

Before Judges CLAPP, GOLDMANN and EWART.

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

This suit arises out of a written contract, copy whereof is annexed to the complaint, entered into between the plaintiff and the defendant on March 11, 1953 by which the former agreed to sell and the latter to buy, the American flag steam tanker "Rosina Marron" at a price of $1,150,000, payable as follows: (a) by the buyer depositing $115,000 with the First National...

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