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BANKERS TRUST v. S.C. NAT. BANK

0362

284 S.C. 238 (1985)

325 S.E.2d 81

BANKERS TRUST OF SOUTH CAROLINA, Appellant, v. The SOUTH CAROLINA NATIONAL BANK OF CHARLESTON, Heber E. Smith, H. Louis Wachsmuth, Jr., John S. Onorato and Wacho Enterprises, Inc. Respondents.

Court of Appeals of South Carolina.

Decided January 8, 1985.

Attorney(s) appearing for the Case

Charles S. Bernstein, of Bernstein & Manos, Charleston, for appellant.

L. Henry McKellar and Stan McGuffin, Columbia, for respondent.

Heard Oct. 24, 1984.

Decided Jan. 8, 1985.

CURETON, Judge:

In this declaratory judgment action initiated by appellant Bankers Trust, the circuit court entered judgment for respondent South Carolina National Bank (SCN) on its counterclaim against Bankers Trust for reimbursement of $21,500. We affirm.

The parties stipulated to the following facts. Herber E. Smith, H. Lewis Wachsmuth and John Onorato, principals in Wacho Enterprises, Inc., obtained...

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