Case Name: Paul R. Scheerer and Fidelity Union Trust Company, as trustees, et al., complainants-respondents, v. Lippman & Lowy, Inc., et al., defendants, and Lenore Davimos, individually and as executrix, &c., defendant-appellant
Court: New Jersey Court of Errors and Appeals
Jurisdiction: New Jersey
Decision Date: 1939-02-06
Citations: 125 N.J. Eq. 93
Docket Number: 
Parties: Paul R. Scheerer and Fidelity Union Trust Company, as trustees, et al., complainants-respondents, v. Lippman & Lowy, Inc., et al., defendants, and Lenore Davimos, individually and as executrix, &c., defendant-appellant.
Judges: 
Reporter: New Jersey Equity Reports
Volume: 125
Pages: 93–93

Head Matter:
Paul R. Scheerer and Fidelity Union Trust Company, as trustees, et al., complainants-respondents, v. Lippman & Lowy, Inc., et al., defendants, and Lenore Davimos, individually and as executrix, &c., defendant-appellant.
[Submitted October term, 1938.
Decided February 6th, 1939.]
Mr. Harry T. Davimos, for the appellant.
Messrs. Hood, Lafferty & Campbell (Mr. Charles Danzig, of counsel), for the respondents.

Opinion:
Per Curiam.
The single issue raised on this appeal is "the amount due on the mortgage." While the opinion goes further, the decree determined — and properly so — only the amount due thereon and the right to foreclose. See Montclair Savings Bank v. Sylvester, 122, N. J. Eq. 518. We are of the view that, for lack of consideration, there was no binding enforceable agreement to reduce the rate of interest on the mortgage debt; and the decree is accordingly affirmed, for the reasons expressed on this issue in the opinion of Vice-Chancellor Berry.
For affirmance — The Chief-Justice, Trenchard, Parker, Case, Bodine, Donges, Heher, Perskie, Porter, Heteield, Dear, Wells, WolesKeil, Raeeerty, Walker, JJ. 15.
For reversal — None.