William B. King, Plaintiff-Appellant v. South Jersey National Bank, Defendant-Respondent

Summary

The New Jersey Supreme Court affirmed the trial court’s summary judgment, holding that self‑help repossession under N.J.S.A. 12A:9‑503 is not state action subject to the Fourteenth Amendment and is not unconstitutional under the state constitution, and that the acceleration clause is not unconscionable. Justice Pashman dissented, arguing the contrary, while Justice Clifford concurred with the result but criticized the majority’s language on legislative neutrality.