S.C. FED. SAVINGS BANK v. THORNTON-CROSBY DEV. CO. INC.

1542

303 S.C. 74 (1990)

399 S.E.2d 8

SOUTH CAROLINA FEDERAL SAVINGS BANK, Plaintiff v. THORNTON-CROSBY DEVELOPMENT COMPANY, INC., T.R. Tucker Construction Co., Inc., and Hartford Accident and Indemnity Company, Inc., Defendants, of whom Thornton-Crosby Development Company, Inc., is Respondent, and T.R. Tucker Construction Co., Inc., and Hartford Accident and Indemnity Company, Inc., are Appellants. Appeal of T.R. TUCKER CONSTRUCTION CO., INC., and Hartford Accident and Indemnity Company, Inc.,

Court of Appeals of South Carolina.

Decided September 17, 1990.


Attorney(s) appearing for the Case

Joseph F. Singleton of Cross, Singleton, Burroughs & Norton, Conway, James B. Richardson, Jr. of Richardson and Smith, Columbia, O. William Faison and Timothy C. Barber of Faison & Brown, Durham, N.C., for appellants.

Edward M. Woodward, Jr. of Woodward, Leventis, Unger, Ormond & Herndon, Columbia and J. Jackson Thomas of Stevens, Stevens & Thomas, Myrtle Beach, for respondent.


Heard February 20, 1990.

Decided September 17, 1990.

BELL, Judge:

This is an action for damages for breach of contract. South Carolina Federal Savings Bank sued to foreclose a construction loan mortgage on a condominium project, naming as defendants, among others, the owner and developer, Thornton-Crosby Development Company, Inc.; the prime contractor, T.R. Tucker Construction Company, Inc.; and the surety on the prime contractor's performance bond...

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