UNITED COUNTIES TRUST COMPANY v. PODVEY


160 N.J. Super. 244 (1978)

389 A.2d 515

UNITED COUNTIES TRUST COMPANY, PLAINTIFF, v. ROBERT L. PODVEY ET AL., DEFENDANTS.

Superior Court of New Jersey, Law Division.

Decided June 8, 1978.


Attorney(s) appearing for the Case

Mr. Anthony J. LaRusso for plaintiff (Messrs. Lindabury, McCormick & Estabrook, attorneys).

Mr. Richard D. Catenacci for defendants (Messrs. McElroy, Connell, Foley & Geiser, attorneys).


McKENZIE, J.S.C.

In September 1974 defendants formed a partnership for the practice of the law. To obtain working capital they borrowed the sum of $25,000 from the Springfield State Bank, plaintiff's predecessor, on an unsecured note. The note, dated December 20, 1974, became due March 20, 1975. It was executed by all three partners with the name of the borrower designated as "Podvey, Sachs and Witherington." The partnership dissolved as of February 11, 1975.

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