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OSBORN v. CHICARO DEV. CORP.

1049

294 S.C. 129 (1987)

363 S.E.2d 108

Harold B. OSBORN and Starboard Associates, Inc., Respondents v. CHICARO DEVELOPMENT CORPORATION and Everett A. Knight, Appellants.

Court of Appeals of South Carolina.

Decided November 23, 1987.

Attorney(s) appearing for the Case

Frank S. Potts of Lewis, Lewis, Bruce & Truslow, Columbia, for appellants.

Charles P. Summerall, IV of Buist, Moore, Smythe & McGee, Charleston, for respondents.

Heard Oct. 12, 1987.

Decided Nov. 23, 1987.

GARDNER, Judge:

Chicaro Development Corporation and Everett A. Knight (the defendants) executed a promissory note payable to Francis Weber for $200,000 which was secured by a purchase money mortgage on property located in Florida which they bought from Weber. Weber assigned the note and mortgage to Harold S. Osborn and Starboard Associates, Inc., (the plaintiffs...

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