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CHEMICAL BANK v. PENNY PLATE, INC.

144 N.J. Super. 390 (1976)

365 A.2d 945

CHEMICAL BANK, PLAINTIFF-RESPONDENT, v. PENNY PLATE, INC., DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided October 14, 1976.

Attorney(s) appearing for the Case

Mr. Edward Suski, Jr. argued the cause for appellant (Messrs. Wilinski, Suski, Kille & Scott, attorneys).

Mr. Arthur K. Sirkis argued the cause for respondent.

Before Judges BISCHOFF, MORGAN and COLLESTER.

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

Defendant Penny Plate, Inc. appeals from summary judgment entered in favor of plaintiff Chemical Bank (bank) in the amount of $19,248, representing the unpaid balance on a lease of equipment on which Penny Plate was lessee. The bank sued as assignee of the rights of the lessor, Ashley-Thornton Leasing Corporation, third-party defendant, against whom default judgment in favor of both Penny Plate and the bank...

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