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KROSNOWSKI v. KROSNOWSKI

22 N.J. 376 (1956)

126 A.2d 182

WALTER A. KROSNOWSKI, PLAINTIFF-APPELLANT, v. IGNATZ J. KROSNOWSKI AND GARFORD TRUCKING, INC., DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided October 29, 1956.

Attorney(s) appearing for the Case

Mr. Morris M. Schnitzer argued the cause for appellant (Mr. Meyer E. Ruback, on the brief; Messrs. Ruback & Albach, attorneys).

Mr. G. Kenneth Brown, of the New York Bar, argued the cause for respondents, by leave of court (Mr. William Rubin, on the brief).

The opinion of the court was delivered by HEHER, J.

The action here is to foreclose one of 11 mortgages covering certain parcels of real property in New Jersey, given September 28, 1955 by the corporate defendant, Garford Trucking, Inc., to the individual defendant, Ignatz J. Krosnowski, to secure the payment of $400,000, an obligation assigned, in turn, by the latter to the plaintiff, Walter A. Krosnowski, as collateral security for the payment of

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