Supreme Court of New Jersey

Continental Bank of Pennsylvania, Plaintiff-Appellant v. Barclay Riding Academy, Inc., Now Known as Barclay…

May 9, 198393 N.J. 153

Summary

The Supreme Court of New Jersey reversed the Appellate Division, holding that the Barclay mortgage was valid because it did not violate the anti‑tying provisions of the Bank Holding Company Act, was supported by valid consideration, and was not obtained through economic duress.