National Grange Mutual Insurance v. Prioleau

269 S.C. 161 (1977)

236 S.E.2d 808

NATIONAL GRANGE MUTUAL INSURANCE COMPANY, Respondent,

v.

William F. PRIOLEAU, Jr., Receiver for Consolidated Securities, Inc., Appellant.

20476

Supreme Court of South Carolina.

August 2, 1977.

Thomas Kemmerlin, Jr., of Columbia, for Appellant.

R. Bruce Shaw, of Columbia, for Respondent.

August 2, 1977.

GREGORY, Justice:

On appeal to the circuit court the trial judge overruled all exceptions and affirmed the Report of the Master In Equity which concluded that the respondent (plaintiff below) should be held and declared liable as a surety under the subject bond in a sum…