FERDON v. ZARRIELLO BROS. INC.


87 N.J. Super. 124 (1965)

208 A.2d 186

MAY J. FERDON AND FLORENCE A. CORBETT, PLAINTIFFS, v. ZARRIELLO BROS. INC., A NEW JERSEY CORPORATION, DANIEL A. ZARRIELLO, ANTHONY ZARRIELLO AND ELAINE ZARRIELLO, DEFENDANTS.

Superior Court of New Jersey, Law Division.

Decided March 12, 1965.


Attorney(s) appearing for the Case

Mr. William H. McLeester for plaintiffs (Mr. Malcolm C. Mercer, attorney).

Mr. Edward V. Torack for defendant Anthony Zarriello (Messrs. Messineo & Messineo, attorneys).


BOTTER, J.S.C.

Plaintiffs have moved for summary judgment against defendant Anthony Zarriello on a promissory note. The defense is usury. It is conceded that the note was given in an amount which exceeded the moneys actually advanced at the time the loan was made, but plaintiffs contend that usury doesn't apply because the excess was for past-due interest on a loan previously made by plaintiffs to the corporate defendant, Zarriello Bros. Inc.

In 1958 plaintiffs...

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