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BANKERS TRUST OF S.C. v. BRUCE

21246

275 S.C. 35 (1980)

267 S.E.2d 424

BANKERS TRUST OF SOUTH CAROLINA, Respondent, v. Dan E. BRUCE, Individually; Thomas S. Bruce, Individually; and James E. Jones, Jr., Individually; Bruce, Bruce & Jones; Mary E. Bruce; Nancy S. Jones, Naturaland Trust; T. Walter Brashier; Southern Bank and Trust Company; Citizens & Southern National Bank of South Carolina; South Carolina National Bank; and Robert C. Black, d/b/a Black Construction Company, Defendants, of whom Dan E. Bruce, Individually; Thomas S. Bruce, Individually; James E. Jones, Jr., Individually; Mary E. Bruce; and Nancy S. Jones are Appellants.

Supreme Court of South Carolina.

June 4, 1980.

Attorney(s) appearing for the Case

William F. Austin and A. Camden Lewis, of Barnes, Austin & Lightsey, Columbia, for appellants.

John H. Lumpkin, Jr., of Boyd, Knowlton, Tate & Finlay, Columbia, and David H. Wilkins, of Wilkins & Wilkins, Greenville, for respondent.

June 4, 1980.

Per Curiam:

This appeal is from an order modifying and confirming the appraisers' return in an action by respondent Bankers Trust for a deficiency judgment against appellants Bruce and Jones. We reverse.

In February, 1974, appellants executed a $750,000 promissory note to respondent secured by a mortgage on two tracts of unimprovel realty. Appellants defaulted, respondent foreclosed and...

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