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BRANCH BANKING v. CAROLINA CRANK & CORE

No. 3942.

362 S.C. 647 (2005)

608 S.E.2d 896

BRANCH BANKING AND TRUST COMPANY OF SOUTH CAROLINA, Respondent, v. CAROLINA CRANK & CORE, INC., Michael D. McNelis, Kenneth F. Taylor, Robert Thompson and Bruce Tipi, Defendants, Of Whom Bruce Tipi is Appellant.

Court of Appeals of South Carolina.

Decided February 7, 2005.

Attorney(s) appearing for the Case

F. Milton Mann, Jr., of Spartanburg, for Appellant.

Seann A. Gray, of Greenville, for Respondent.

HEARN, C.J.:

In this civil action, Bruce Tipi appeals the circuit court's grant of Branch Banking and Trust Company of South Carolina's motion for summary judgment. As a result, Tipi was found to be personally liable on a $325,000 guaranty owed to the Bank. We affirm.1

FACTS

In December 1998, Michael McNelis, Kenneth Taylor, and Robert Thompson purchased an automotive crankshaft division of a company and incorporated...

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