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KEY AGENCY v. CONTINENTAL CAS. CO.

31 N.J. 98 (1959)

155 A.2d 547

THE KEY AGENCY, A CORPORATION, PLAINTIFF-APPELLANT, v. CONTINENTAL CASUALTY COMPANY, A CORPORATION, DEFENDANT-RESPONDENT.

The Supreme Court of New Jersey.

Decided November 9, 1959.

Attorney(s) appearing for the Case

Mr. Daniel G. Gallop argued the cause for the plaintiff-appellant.

Mr. Louis Auerbacher, Jr., argued the cause for the defendant-respondent.

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

Plaintiff instituted this action in the Superior Court, Chancery Division, to compel the defendant to hold in trust for plaintiff money received or to be received by the defendant as an assignee of General Builders Incorporated (hereinafter called the contractor) from the Board of Education of Franklin Township, New Jersey, and the Board of Education of Kinnelon Township, New Jersey. Plaintiff

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