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IAC, LTD. v. PRINCETON PORSCHE-AUDI

147 N.J. Super. 212 (1977)

371 A.2d 84

IAC, LTD., PLAINTIFF-RESPONDENT, v. PRINCETON PORSCHE-AUDI, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided February 7, 1977.

Attorney(s) appearing for the Case

Mr. Gordon C. Strauss argued the cause for appellant.

Mr. Dennis J. O'Grady argued the cause for respondent (Messrs. Riker, Danzig, Scherer & DeBevoise, attorneys; Mr. James S. Rothschild, Jr. on the brief).

Before Judges MATTHEWS, SEIDMAN and HORN.

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

The primary question which is presented by this appeal is whether a security interest which was taken on a vehicle sold in Canada and which was valid and enforceable under Canadian law is also enforceable in New Jersey against a purchaser (defendant) for value without notice of the lien after the vehicle was brought to New Jersey and a "clear" New Jersey certificate of ownership was issued and transferred properly...

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