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GREAT FALLS BANK v. PARDO

273 N.J. Super. 542 (1994)

642 A.2d 1037

GREAT FALLS BANK, PLAINTIFF-RESPONDENT, v. JOSEPH PARDO, DEFENDANT-APPELLANT, AND FRANK PAPARATTO, MARIA PAPARATTO AND SAMUEL PETRACCA A/K/A/ SAM PETRACCA & SAMUEL S. PETRACCA, AND MARIA PETRACCA, A/K/A/ MARIA D. PETRACCA, JOHN F. KENNEDY MEDICAL CENTER AND THE STATE OF NEW JERSEY, DEFENDANTS.

Superior Court of New Jersey, Appellate Division.

Decided May 26, 1994.

Attorney(s) appearing for the Case

Aldan O. Markson, argued the cause for appellant Joseph Pardo (Mr. Markson, on the brief).

Cheryl H. Burstein argued the cause for respondent Great Falls Bank (Williams, Caliri, Miller & Otley, attorneys; Ms. Burstein, of counsel and on the brief).

Before Judges STERN and KEEFE.

Argued (telephonically)1 May 10, 1994.

PER CURIAM.

In 1987, Frank Paparatto, Ciro Spinella and Samuel Petracca entered a joint venture to build two-family houses on a parcel of land in North Arlington. To finance the venture, they personally executed a promissory note for a $350,000 loan Great Falls Bank ("plaintiff") made to their corporation. When they could not make payments, Paparatto and Petracca induced Pardo ("defendant...

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