Search Rutgers Law Library N.J. Court Opinions

1 JPMORGAN CHASE BANK N.A v. JEFFCO CINNAMINSON CORPORATION -- rank: 1000

... assert that they are entitled to the same protection under [ N.J.S.A. ] 12A:3-605 where the bank has impaired their collateral because under Section ... entitled to raise the defense of impairment of collateral under N.J.S.A. 12A:3-605, because such defense is available only to accommodation parties ( see ... failure to comply with applicable law in disposing of collateral. [ N.J.S.A. 12A:3-605(e), (f), and (g)]. Also, [a] person signing an instrument ... pursuant to the impairment of collateral doctrine is controlled by N.J.S.A. 12A:3-605(f). This section applies to "the obligation of any party ... the extent, if any, of the impairment in accordance with N.J.S.A. 12A:3-605. We recognize that the issues in this case are thorny ... was a "bona fide purchaser." 3 An official comment to N.J.S.A. 12A:3-605 suggests that the impairment of collateral defense is "greatly ...

docket:	a2601-10
court:	NJ Superior Court Appellate Division
decided:	2012-03-27
status:	unpublished
citation:
Document Size:	44036

2 /usr/local/share/www/libweb/collections/courts/appellate/a2284-12.opn.html -- rank: 937

... not apply because plaintiff did not repossess the property. Further, N.J.S.A. 12A:3-605(e) addresses the impaired collateral defense, providing: If the obligation ... allows a waiver of the impairment of collateral defense under N.J.S.A. 12A:3-605(i), and thus the defense only applies in cases where ... failure to comply with applicable law in disposing of collateral. [ N.J.S.A. 12A:3-605(g).] Silver relies on Langeveld , and Block v. Dana , 252 ...

docket:
court:	NJ Superior Court Law/Chancery Division
decided:
status:
citation:
Document Size:	71361

3 /usr/local/share/www/libweb/collections/courts/appellate/a5859-11.opn.html -- rank: 937

... not apply because plaintiff did not repossess the property. Further, N.J.S.A. 12A:3-605(e) addresses the impaired collateral defense, providing: If the obligation ... allows a waiver of the impairment of collateral defense under N.J.S.A. 12A:3-605(i), and thus the defense only applies in cases where ... failure to comply with applicable law in disposing of collateral. [ N.J.S.A. 12A:3-605(g).] Silver relies on Langeveld , and Block v. Dana , 252 ...

docket:	a5859-11
court:	NJ Superior Court Appellate Division
decided:	2014-10-15
status:	unpublished
citation:
Document Size:	72467

4 LINELIV, L.P v. KENNETH STELIGA -- rank: 754

... loan (the tender defense); and (3) impaired the collateral under N.J.S.A. 12A:3-605 (the impairment of collateral defense). In October 2010, Lineliv filed ... Z.H. Corp. , 74 N.J. 45 , 50-51 (1977).] N.J.S.A. 12A:3-605(e) states in pertinent part: If the obligation of a ...

docket:	a2265-10
court:	NJ Superior Court Appellate Division
decided:	2011-10-25
status:	unpublished
citation:
Document Size:	33402

5 INTERCHANGE STATE BANK VS JOSEPH & RAE RINALDI -- rank: 622

... parties waive defenses     based on suretyship or impairment of collateral.     [ N.J.S.A. 12A:3-605.]     Subsection (e) deals with discharge of sureties for impairment of ...

docket:	A6717-95
court:	appellate
decided:	1997-07-14
status:	published
citation:	303 N.J. Super. 239
Document Size:	57004