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HUDSON UNITED BANK v. HOUSE OF SUPREME, INC.

149 N.J. Super. 153 (1977)

373 A.2d 438

HUDSON UNITED BANK, A NEW JERSEY BANKING CORPORATION, PLAINTIFF, v. HOUSE OF SUPREME, INC., A CORPORATION, BELA BLUMENFELD, EVA BLUMENFELD, GEORGE LOVAS AND MARIA LOVAS, DEFENDANTS, AND HOUSE OF SUPREME, INC., ET AL., PLAINTIFFS, v. HUDSON UNITED BANK ET AL, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided March 30, 1977.

Attorney(s) appearing for the Case

Mr. Melvin Greenberg appeared for Hudson United Bank (Messrs. Lowenstein, Sandler, Brochin, Kohl and Fisher, attorneys).

Mr. John J. Sheehy, receiver, appeared pro se.

No appearance was made on behalf of House of Supreme, Inc., Bela Blumenfeld, Eva Blumenfeld, George Lovas and Maria Lovas.

KENTZ, J.S.C.

This court entered a judgment for Hudson United Bank (bank) against the House of Supreme, Inc. (House) and the individual defendants in the amount of $784,529 plus interest, based upon a default by House on its "with recourse" obligation on accounts sold directly to the bank, on House's default on its "Dealer Contract for Assignment of Paper," on various guarantees of dealer obligations and on the acceleration...

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