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RENAISSANCE ENTERPRISES v. OCEAN RESORTS

No. 24904.

334 S.C. 324 (1999)

513 S.E.2d 617

RENAISSANCE ENTERPRISES, INC., a South Carolina Corporation, Petitioner, v. OCEAN RESORTS, INC., a South Carolina Corporation, Respondent.

Supreme Court of South Carolina.

Decided February 22, 1999.

Attorney(s) appearing for the Case

Dirk J. Derrick, of Conway, for petitioner.

Craig A. Snook, of Leiter & Snook, of Myrtle Beach, for respondent.

ON WRIT OF CERTIORARI TO THE COURT OF APPEALS

MOORE, Justice:

This case is before us to review the Court of Appeals' decision 1 holding that the deposit of money into court as provided in Rule 67, SCRCP, stops the accrual of interest pursuant to the contract between the parties. We reverse.

FACTS

Petitioner (Broker) and respondent (Management Company) entered a contract whereby Broker would procure guests...

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