1. Home
  2. Browse Decisions
  3. F.2d
  4. 557 F.2d
  5. 557 F.2d 365 (1977)
 

BANK OF NEW JERSEY v. BROKERS FINANCIAL CORP.

No. 76-2069.

557 F.2d 365 (1977)

The BANK OF NEW JERSEY, a corporation of the State of New Jersey v. BROKERS FINANCIAL CORPORATION (Defendant in D.C.) and Northwestern National Insurance Company (Defendant and third-party Plaintiff in D.C.), v. BROKERS FINANCIAL CORPORATION and Rocco J. Molinari and Michael Grasso (third-party Defendants in D.C.). Appeal of NORTHWESTERN NATIONAL INSURANCE COMPANY.

United States Court of Appeals, Third Circuit.

Decided June 13, 1977.

Attorney(s) appearing for the Case

Melnik, Morgan, Weinberg & Weiner, Albert B. Melnik, Haddonfield, N. J., Jeffrey I. Kessler, for The Bank of New Jersey.

John R. McConnell, Joseph H. Huston, Jr., Morgan, Lewis & Bockius, Philadelphia, Pa., for Northwestern National Ins. Co.

Before SEITZ, Chief Judge, and ALDISERT and HUNTER, Circuit Judges.

JAMES HUNTER, III, Circuit Judge:

Northwestern National Insurance Company appeals from a grant of summary judgment against it in the District of New Jersey, holding Northwestern liable on a surety bond to the Bank of New Jersey. The appeal presents the question whether a creditor who has accepted a one-year surety bond as collateral for a five-year loan can use the impending expiration of the bond as grounds for accelerating the entire debt, in an attempt to force...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases