South Carolina Federal Savings Bank v. Thornton-Crosby Development Co.

Finney, Justice:

We granted certiorari to review the decision of the Court of Appeals which affirmed the Master-in-Equity’s report awarding judgment for actual damages to Respondent Thornton-Crosby Development Company, Inc. (“Developer”) against Petitioners T.R. Tucker Construction Co., Inc. (“Builder”) and Hartford Accident and Indemnity Co., Inc. (“Surety”); granting judgment for actual damages in favor of Respondent South Carolina Federal Savings Bank (“Bank”) against the Surety; and dismissing the counterclaims and cross-claims of the Builder and the Surety. See South Carolina Federal Sav.…