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AMA MANAGEMENT CORP. v. STRASBURGER

1864

309 S.C. 213 (1992)

420 S.E.2d 868

AMA MANAGEMENT CORP., Appellant v. Alvin STRASBURGER, Individually and as general partner for Associated Distributing Co., a South Carolina Limited Partnership, Roy Strasburger, Individually and as general partner for Associated Distributing Co., a South Carolina Limited Partnership, Associated Distributing Co., a South Carolina Limited Partnership, and TransAmerica Commercial Finance Corporation, Respondents.

Court of Appeals of South Carolina.

Decided August 10, 1992.

Rehearing Denied September 16, 1992.

Attorney(s) appearing for the Case

Robert W. Foster and Howard A. VanDine, III, both of Nelson, Mullins, Riley & Scarborough, Columbia, for appellant.

Evans T. Barnette and Thomas E. McCutchen, both of Whaley, McCutchen, Blanton & Rhodes; James M. Brailsford, III, and John S. Taylor, both of Robinson, McFadden & Moore, Columbia, for respondents.

Heard Feb. 17, 1992;

Decided Aug. 10, 1992.

Reh. Den. Sept. 16, 1992.

BELL, Judge:

This is an action in contract to enforce two agreements guaranteeing payment of a loan made by TransAmerica Commercial Finance Corporation, a commercial lender, to Top Brass Enterprises, Inc., a bankrupt corporation. AMA Management Corp., the holder of the guaranty agreements by virtue of an assignment for value from TransAmerica, sued Alvin Strasburger and Associated...

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