Legal Opinion
Renaissance Enterprises, Inc. v. Ocean Resorts, Inc.
Supreme Court of South Carolina
Decided February 22, 1999No. 24904PublishedCited by 6 opinions
1Opinion of the Court
ON WRIT OF CERTIORARI TO THE COURT OF APPEALS
MOORE, Justice:
This case is before us to review the Court of Appeals’ decision1 holding that the deposit of money into court as provided in Rule 67, SCRCP, stops the accrual of interest pursuant to the contract between the parties. We reverse.
FACTS
Petitioner (Broker) and respondent (Management Company) entered a contract whereby Broker would procure guests for Management Company’s facilities in exchange for a 10% commission. The contract further provided that any commission not paid when due would accrue interest at the rate of 1.5% per month…
2Cases cited8 opinions
- Prudential Insurance Co. of America v. BMC Industries, Inc.District Court, S.D. New York · 1986
- The Ltv Corporation v. Gulf States Steel, Inc. Of AlabamaCourt of Appeals for the D.C. Circuit · 1992
- Turner Coleman, Inc. v. Ohio Construction & Engineering, Inc.Supreme Court of South Carolina · 1979
- Russo v. SuttonSupreme Court of South Carolina · 1995
- Mobil Oil Corp. v. United States Department of EnergyDistrict Court, D. Kansas · 1989
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3Cited by6 opinions
- Bakala v. BakalaSupreme Court of South Carolina · 2003
- Newflower Market, Inc. v. CookColorado Court of Appeals · 2010
- Bickerstaff v. PrevostCourt of Appeals of South Carolina · 2012
- State v. Richard Alexander MurdaughSupreme Court of South Carolina · 2026
- TCC of Charleston, Inc. v. Concord and Cumberland, LLCCourt of Appeals of South Carolina · 2025
1 more not listed; retrieve them via the Exa API.