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ALCOA EDGEWATER NO. 1 FED. CREDIT UNION v. CARROLL

44 N.J. 442 (1965)

210 A.2d 68

ALCOA EDGEWATER NO. 1 FEDERAL CREDIT UNION, A UNITED STATES CORPORATION, PLAINTIFF-APPELLANT, v. JOSEPH M. CARROLL, DEFENDANT-RESPONDENT.

The Supreme Court of New Jersey.

Decided May 17, 1965.

Attorney(s) appearing for the Case

Mr. Saul Bosek argued the cause for appellant (Messrs. Epstein, Epstein, Brown & Bosek, attorneys).

Mr. Roger Breslin, Jr. argued the cause for respondent (Messrs. Breslin & Breslin, attorneys; Mr. Michael J. Breslin, Jr., of counsel).

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

The Bergen County District Court held that the provision for the payment of an attorney's fee in the promissory note executed by the defendant was unenforceable. The plaintiff appealed to the Appellate Division and we certified before argument there.

The plaintiff, a credit union, is a United States corporation chartered under 12 U.S.C.A. § 1751 et seq. All of its members are employees...

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