Board of Trustees of the Lewis Prichard Charity Fund v. Avis & Angel

Hatcher, Judge:

S. B. Avis and Philip Angel form the law firm of Avis & Angel practicing in Charleston. They were employed by the Board of Trustees of the Lewis Prichard Charity Fund, a corporation, to foreclose a deed of trust securing a sum of money loaned by the Board, past due and unpaid. In carrying out this employment they discovered that the security afforded by the trust deed ~ was entirely inadequate, that the corporate borrower was insolvent, and that a member of the Board of Trustees of the Lewis Prichard Charity Fund was financially interested in the mortgagor corporation, and in…