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

Summary

The New Jersey Supreme Court affirmed the summary‑judgment ruling for South Jersey National Bank, holding that the self‑help repossession authorized by N.J. 8.A.12A:9‑503 is a private contractual action, not state action, and therefore not subject to the federal Fourteenth Amendment due process or equal‑protection clauses, nor does it violate the New Jersey Constitution’s due‑process guarantee; the acceleration clause was also found not unconscionable.