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TOWNSHIP OF BERKELEY v. REPUBLIC INS. CO.

194 N.J. Super. 407 (1983)

477 A.2d 346

TOWNSHIP OF BERKELEY, A MUNICIPAL CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. REPUBLIC INSURANCE COMPANY, A TEXAS CORPORATION AND MEYER GOLD, DEFENDANTS-APPELLANTS, AND JACOB BURSTYN, DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Decided October 21, 1983.

Attorney(s) appearing for the Case

David Schechner argued the cause for appellants (Schechner & Targan, attorneys; Murray J. Laulicht, Robert G. Rose and Charles Quinn, of counsel and on the brief).

John S. Pehlivanian argued the cause for respondent (Lomell, Muccifori, Adler, Revaschiere & Amabile, attorneys).

Before Judges ARD, MORTON I. GREENBERG and TRAUTWEIN.

The opinion of the court was delivered by MORTON I. GREENBERG, J.A.D.

For the second time this matter is before this court on appeal. The litigation arises from the failure of Cedar Ridge Corp. (hereinafter called "Cedar Ridge") and its successor in interest, Prel Middle Atlantic, Inc. (hereinafter called "PMA") to satisfy the conditions of three performance bonds posted by Cedar Ridge with plaintiff Township of Berkeley...

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