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BODDIE-NOELL PROP. v. 42 MAGNOLIA PART.

No. 3270.

344 S.C. 474 (2000)

544 S.E.2d 279

BODDIE-NOELL PROPERTIES, INC., Respondent, v. 42 MAGNOLIA PARTNERSHIP and Robert Mundy, Defendants, of whom 42 Magnolia Partnership is, Appellant.

Court of Appeals of South Carolina.

Decided December 18, 2000.

Rehearing Denied April 23, 2001.

Attorney(s) appearing for the Case

Thornwell F. Sowell, A. Burns Jones, Sowell, Todd, Laffitte, Beard & Watson, Columbia, for appellant.

Mark W. Hardee, Lewis, Babcock & Hawkins, Columbia, for respondent.

ANDERSON, Judge:

In this breach of contract action, 42 Magnolia Partnership (the Partnership) appeals the trial judge's denial of its motion for judgment notwithstanding the verdict (JNOV). We affirm.

FACTS/PROCEDURAL BACKGROUND

The Partnership developed an apartment complex in Columbia, South Carolina. In February, 1994, the Partnership borrowed $6.9 million from the Lincoln National Life Insurance Company (Lincoln) to permanently finance...

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