1. Home
  2. Browse Decisions
  3. N.J.
  4. 77 N.J.
  5. 77 N.J. 33 (1978)
 

NEW JERSEY BANK v. PALLADINO

77 N.J. 33 (1978)

389 A.2d 454

NEW JERSEY BANK (NATIONAL ASSOCIATION), A CORPORATION OF THE UNITED STATES OF AMERICA, PLAINTIFF-APPELLANT, v. JOSEPH P. PALLADINO, DEFENDANT, AND FIRST STATE BANK OF HUDSON COUNTY, DEFENDANT-RESPONDENT, AND FEDERAL DEPOSIT INSURANCE CORP., INTERVENOR-RESPONDENT.

The Supreme Court of New Jersey.

Decided July 10, 1978.

Attorney(s) appearing for the Case

Mr. Allan A. Maki argued the cause for appellant.

Ms. Dorothea O'C. Wefing argued the cause for intervenor-respondent (Messrs. Schumann, Hession, Kennelly and Dorment, attorneys).

No appearance was made on behalf of respondent First State Bank of Hudson County.

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

This case involves the effect of a written assurance given by defendant First State Bank of Hudson County to plaintiff New Jersey Bank to induce it to loan Joseph P. Palladino $50,000. The document stated that if Palladino did not repay the $50,000 debt, which was evidenced by a note, defendant bank would honor that commitment. The crucial question is whether that paper was an illegal guaranty or a valid letter...

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