Philip T. Meshinsky, Plaintiff-Respondent v. Nichols Yacht Sales, Inc., and Gerald Berton, Defendants-Appellants

Summary

The Supreme Court of New Jersey held that the Consumer Fraud Act did not apply to the sale of a defective power boat and reversed the appellate court's award of treble damages, while affirming the trial court's award of cover damages and prejudgment interest. The Court also affirmed the contract damages award and dismissed the individual liability claim against the salesman.