PEOPLES FED. S&L ASSOC. v. MYRTLE BEACH GOLF & YACHT CLUB

1926

310 S.C. 132 (1992)

425 S.E.2d 765

PEOPLES FEDERAL SAVINGS & LOAN ASSOCIATION, Respondent v. MYRTLE BEACH GOLF & YACHT CLUB, A General Partnership, Myrtle Beach Golf & Yacht Club, Inc., A South Carolina Corporation, MBG&YC II, Inc., Formerly Known As Peoples Joint Venture Group, Inc., Myrtle Beach Golf & Yacht Club Association, Inc., Teatros Y Cinemas, S.A., A Panamanian Company, American Community Development Group, Inc., F/K/A/ Justice Investment Corp., John A. Hinson, Individually and as Trustee of West Coast Pension and Profit Sharing Trust, Sears Roebuck & Co., Universal Resort Travel, Inc., D/B/A/ A-Port-of-Call Travel Agency, Stan Parker, Ed Hudson, Austin Kelly Advertising, Inc., POA Acquisition Corp., D/B/A Peterson Outdoor Advertising of South Carolina, Custom Glass, Inc., The Parnell-Martin Companies, Inc., Loyola Federal Savings & Loan Association, Equipment Leasing, Division of American Federal Bank, FSB, Chambers of South Carolina, Williams Trucking Co., Inc., Palmetto Turf Farms, Inc., Danny Player, D/B/A Players' Landscaping, Whaley Corp., D/B/A Socastee Hardware Store, Cornelius Toomey, Individually and for the Benefit and on Behalf of all other Similarly Situated, and Midway Nursery, Inc., Defendants, of whom American Community Development Group, Inc., F/K/A Justice Investment Corp., & John A. Hinson, Individually and as Trustee of West Coast Pension and Profit Sharing Trust are, Appellants. Appeal of AMERICAN COMMUNITY DEVELOPMENT GROUP, INC.

Court of Appeals of South Carolina.

Decided December 14, 1992.

Rehearing Denied January 28, 1993.


Attorney(s) appearing for the Case

Dalton B. Floyd, Jr. of Floyd & Prevatte, Surfside Beach, for appellants.

Michael W. Battle of Lovelace & Battle, Conway, for respondent.


Heard Jan. 22, 1992;

Decided Dec. 14, 1992.

Reh. Den. Jan. 28, 1993.

CURETON, Judge:

This case arose from a real estate development project in Horry County, South Carolina. The project involved the acquisition of several tracts of land for development, construction, and eventual leasing and sale of lots, single-family dwellings, and multifamily dwellings. The project was to be developed in several phases. The project also included a proposed...

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