Boddie-Noell Properties, Inc. v. 42 Magnolia Partnership
Court of Appeals of South Carolina
1Opinion of the Court
ANDERSON, Judge:
In this breach of contract action, 42 Magnolia Partnership (the Partnership) appeals the trial judge’s denial of its motion for judgment notwithstanding the verdict (JNOV). We affirm.
FACTS/PROCEDURAL BACKGROUND
The Partnership developed an apartment complex in Columbia, South Carolina. In February, 1994, the Partnership borrowed $6.9 million from the Lincoln National Life Insurance Company (Lincoln) to permanently finance the complex. About four months later, Southport Financial Asset Management, Inc. (Southport) offered to purchase the complex for $10.6 million. The…
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