SUPERIOR SECURITY SERVICE, INC. v. Azalea City Federal Credit Union

Azalea City Federal Credit Union (credit union) filed a complaint against Superior Security Service, Inc. (Superior). In its complaint, the credit union claimed that Superior was in default under the terms of a loan agreement dated August 14, 1992, and owed the credit union $49,684.11, plus interest, attorney fees, and costs.

Superior answered and filed a counterclaim, wherein it claimed that Superior and the credit union had entered into an agreement, under which the credit union agreed to cover Superior's payroll until Superior received payment from various jobs. Superior contended that the…