N.C. FED. S & L ASSO. v. DAV CORP.

1028

294 S.C. 27 (1987)

362 S.E.2d 308

NORTH CAROLINA FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff v. DAV CORP., Parasol Development Corporation and Carolina FinCorp., Inc., now by change of name NCF Financial Corporation, all d/b/a Parasol Inn Joint Venture, and Petite Paris, Inc., Defendants, of which DAV Corp. is Third-Party Plaintiff v. PARASOL DEVELOPMENT CORPORATION, Carolina FinCorp., Inc., now NCF Financial Corporation, Roger Van Wie, Geoffrey Van Wie, and Resort Management Group, Inc., Third-Party Defendants, of which Parasol Development Corporation is Third-Party Plaintiff v. Daniel A. VOGEL, Jr., Second Third-Party Defendant. and NCF FINANCIAL CORPORATION, is the Third-Party Plaintiff v. RESORT MANAGEMENT GROUP, INC., Roger Van Wie and Geoffrey Van Wie, Third-Party Defendants, of whom North Carolina Federal Savings and Loan Association, Parasol Development Corporation, Carolina FinCorp, Inc., now by change of name NCF Financial Corporation, Roger Van Wie, Geoffrey Van Wie, and Resort Management Group, Inc., are Respondents, and DAV Corp. who is Appellant. Appeal of DAV CORP.

Court of Appeals of South Carolina.

Decided October 26, 1987.


Attorney(s) appearing for the Case

John M. Leiter of Lawn & Leiter, Myrtle Beach, for appellant.

Steven H. John, North Myrtle Beach, J. Rutledge Young, Jr. of Young, Clement, Rivers & Tisdale, Charleston and Joel W. Collins, Jr. of Collins & Lacy, Columbia, for respondents.


Heard Sept. 16, 1987.

Decided Oct. 26, 1987.

GOOLSBY, Judge:

The main issue in this foreclosure action by the respondent North Carolina Federal Savings and Loan Association ("NCFS & L") against the appellant DAV Corporation ("DAV") and the respondents Parasol Development Corporation ("Parasol") and Carolina FinCorp., Inc., now NCF Financial Corporation ("NCF"), doing business as Parasol Inn Joint Venture ("Parasol Inn"), and against the defendant...

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