Investors Corp. of South Carolina v. Field Financial Corp.

When the case was called for oral arguments in this Court, the defendants demurred ore terns to the complaint for failure to state a cause of action on the grounds of fraud. However, we find it unnecessary to rule on this demurrer because the complaint alleges that the corporate seal of Fields was not affixed to the conveyance in question. In his findings of fact, Judge Collier found that the corporate seal of Field was not affixed to the deed of conveyance and that there was no corporate seal on said conveyance. The parties stipulated “that the deed recorded in Iredell County Registry in…