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Schlein v. Gairoard

New Jersey Supreme Court


Decided: October 20, 1941.

MAY SCHLEIN, PLAINTIFF-APPELLANT,
v.
CAMILLE L. GAIROARD, DEFENDANT-RESPONDENT

On appeal from a judgment of the Supreme Court affirming an order entered by Circuit Court Judge Henry Ackerson, Jr., sitting as a Supreme Court Commissioner, striking the complaint on the ground that it did not set forth a cause of action. Judge Ackerson filed the following memorandum not reported:

For the appellant, Leo J. Martini (William P. Gannon, of counsel).

For the respondent, Edward R. McGlynn.

[127 NJL Page 364]

PER CURIAM.

Save as presently stated, the judgment under review will be affirmed, for the reasons expressed in the memorandum delivered by Circuit Court Judge Ackerson.

In reaching the stated result, we do not, under the circumstances exhibited, find it necessary to express, and we do not express, any opinion as to whether respondent did or did not have the right to pay the full purchase price ($25,000) for the stock at any time he elected without waiting to pay it, as provided, in installments, or whether respondent did or did not

[127 NJL Page 365]

have the right (had he asserted it) to accelerate the payment of the agreed installments of the purchase price.

Judgment is affirmed, with costs.

For affirmance -- THE CHANCELLOR, CHIEF JUSTICE, PARKER, CASE, BODINE, DONGES, HEHER, PERSKIE, PORTER, COLIE, DEAR, WELLS, WOLFSKEIL, RAFFERTY, HAGUE, THOMPSON, JJ. 16.

For reversal -- None.

19411020


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