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UNITED CAROLINA BANK v. CAROPROP, LTD.

No. 24104.

446 S.E.2d 415 (1994)

UNITED CAROLINA BANK, as Trustee under IRA dated June 25, 1987, for Lloyd D. Auten, Petitioner, v. CAROPROP, LTD., a South Carolina corporation, and First South Savings Bank, Inc., Defendants, of whom First South Savings Bank, Inc. is Respondent.

Supreme Court of South Carolina.

Decided June 20, 1994.

Attorney(s) appearing for the Case

James M. Brailsford, III, and John S. Taylor, Jr., Robinson, McFadden & Moore, P.C., Columbia, for petitioner.

Steven M. Anastasion of Callison, Tighe, Robinson & Anastasion, Columbia, for respondent.

CHANDLER, Acting Chief Justice.

We granted certiorari to review Court of Appeals' Opinion reported at ___ S.C. ___, 429 S.E.2d 197 (Ct.App.1993).

We reverse.

FACTS

Lloyd D. Auten (Petitioner) and Atlantic Properties (Atlantic) purchased 46 acres of land from Interstate Investment Associates (Interstate). Auten and Atlantic held the property as tenants-in-common with joint and several liability on...

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