Reed v. Associated Investments of Edisto Island, Inc.

John W. Reed appeals an order compelling enforcement of a partial settlement agreement purportedly reached between Reed and Associated Investments of Edisto Island, Inc. and Lawrence Savage, III (collectively Associated) regarding Reed’s purchase of a beachfront lot from the corporation. We reverse and remand.

BACKGROUND

In 1993, Reed purchased a lot in a beachfront community from Associated and constructed a home thereon. Reed thereafter filed -suit, accusing Associated of numerous misstatements and omissions. For instance, Associated represented to Reed that the lot fell outside the boundary…