Oldfield v. Stoeco Homes, Inc.
Supreme Court of New Jersey
139 A.2d 291 (1958)
The city of Ocean City, New Jersey, sought to sell for development a number of tracts of land lying below the average grade of the remainder of the city. The tracts were purchased by Stoeco Homes (defendant) and Stoeco was given a deed with conditions requiring Stoeco to fill the lots it purchased, along with other lots that the city continued to own, up to average grade within a year after purchase. The deed contained a provision providing that failure to complete the filling would result in automatic reversion of title to Ocean City. The deed also contained a clause that reserved to Ocean City the right to modify the conditions set forth in the deed. Stoeco ran into difficulties completing the grading and filling, and Ocean City passed a resolution granting an extension of time. When Stoeco again failed to complete the filling by the new deadline, Ocean City passed a second ordinance extending the time even further. Oldfield (plaintiff), a resident of Ocean City, filed suit in the Superior Court to have the resolutions declared void and to demand reversion of the property back to the city. The trial court found in favor of Stoeco, and Oldfield appealed. The Supreme Court took up the case on its own motion.
Rule of Law
Holding and Reasoning (Burling, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 170,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.