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MAYHILL HOMES v. FAMILY FED. SAV. & LOAN

0344

284 S.C. 60 (1984)

324 S.E.2d 340

MAYHILL HOMES CORPORATION, Respondent, v. FAMILY FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant.

Court of Appeals of South Carolina.

Decided December 19, 1984.

Attorney(s) appearing for the Case

John B. Duggan and M. Thomas Webber, Jr., of Edwards, Duggan & Reese, P.A., Greer, for appellant.

Amos A. Workman, of Butler, Means, Evins & Browne, Spartanburg, for respondent.

Heard Oct. 23, 1984.

Decided Dec. 19, 1984.

SHAW, Judge:

Respondent Mayhill Homes Corporation brought this action against appellant Family Federal Savings and Loan Association to enforce a financing arrangement under the letter of credit provisions of the Uniform Commercial Code, S.C. Code Ann. Sections 36-5-101 to -117 (1976). The trial court enforced the arrangement based on contract principles. We reverse.

Nat Hill Homes, Inc., a general...

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