Case ID: nj-eq_141/html/0263-01.html
Source: Caselaw Access Project
Author: {"author": "Per Curiam.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Montclair Trust Company, a New Jersey corporation, complainant-respondent, v. The Star Company, a New Jersey corporation, defendant-appellant.
    [Argued October term, 1947.
    Decided January 29th, 1948.]
    
      Messrs. Carpenter, Gilmour <& Dwyer {Mr. James D. Carpenter, Jr., and Mr. Arthur T. Vanderbilt, of counsel), for the appellant.
    
      
      Messrs. Boyd, Dodd, Keer & Booth {Mr. Ernest F. Keer, Jr., and Mr. Waldron M. Ward, of counsel), for the respondent.
   Per Curiam.

This case was orally argued with No. 214, October term, 1949, The Star Co. v. Montclair Trust Co. Our consideration thereof and of the proofs and briefs, leads us to conclude that the decree of the court beluvy was proper in the following particulars, and we affrm the decree in so far as it dismissed appellant’s counter-claim, determined that there was due and owing to complainant the sum of $97,214.10, directed a special master to make sale of the remaining assets, and the distribution to be made of the proceeds.

The decree is faulty and should be amended in the following particulars: The property to be sold is not set out, but is described in schedules annexed; the recitals attempt to effectuate several negative adjudications against appellant as to precise questions put in issue and on which it was unsuccessful; it contains recitals of the pleadings and the matter contained should be more succinctly stated. Bull v. International Power Co., 84 N. J. Eq. 209; affirmed, 85 N. J. Eq. 206; Beall v. New York and New Jersey Water Co., 87 N. J. Eq. 390; N. J. S. A. 2:29-52.

The record will be remanded to the Court of Chancery for disposition consistent herewith.

For affirmance — The Chibe-Justice, Bodine, Donges, Heher, Colie, Eastwood, Burling, Wells, Dill,-Freund, McLean, Schettino, JJ. 12.

For reversal — None.