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AM. FED. BANK v. NO. 1 MAIN JT. VENTURE

No. 24375.

467 S.E.2d 439 (1996)

AMERICAN FEDERAL BANK, FSB, Respondent, v. NUMBER ONE MAIN JOINT VENTURE; Leonard R. Jordan, Jr., J. Fitzgerald O'Connor, Jr.; W. Ryan Hovis; Victoria L. Eslinger; Michael R. Daniel; Joe E. Berry, Jr.; and Arthur St. J. Simons, II, of whom Number One Main Joint Venture, Leonard R. Jordan, Jr., J. Fitzgerald O'Connor, Jr., W. Ryan Hovis, Victoria L. Eslinger, Michael R. Daniel and Joe E. Berry, Jr. are, Primary Appellants, And Arthur St. J. Simons, II, is Secondary Appellant. Arthur St. J. SIMONS, II, Appellant, v. Leonard R. JORDAN, Jr.; J. Fitzgerald O'Connor, Jr.; W. Ryan Hovis; Victoria L. Eslinger; Michael R. Daniel; Joe E. Berry, Jr.; Berry, Dunbar, Daniel, O'Connor & Jordan, Attorneys at Law; and William O. Higgins, Respondents.

Supreme Court of South Carolina.

Filed February 20, 1996.

Attorney(s) appearing for the Case

Deborah R.J. Shupe, of Berry, Adams, Quackenbush & Dunbar, Columbia, for Primary Appellant.

Francis T. Draine, Columbia, for Secondary Appellant.

Tara E. Nauful and Elizabeth A. Carpentier, Columbia; and James H. Cassidy, Greenville; for Respondent American Federal Bank.

James W. Alford and James R. Allen, Columbia, for Respondents Berry, Dunbar, Daniel, O'Connor & Jordan and William O. Higgins.

TOAL, Justice.

In this action on a note and guaranties, the defendants separately contest the trial court's rulings. We affirm the trial court on all grounds except as to the amount of attorneys' fees.

FACTUAL/PROCEDURAL BACKGROUND

Number One Main ("Joint Venture") is a joint venture composed of two entities: the Middleburg Company, wholly owned by Arthur St. J. Simons, II, and Columbia Investors, which includes six partners of the former Berry Law...

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