Mid-South Management Co. v. Sherwood Development Corp.

Mid-South Management Company, Inc., William C. Buchheit Trust A, and Beach Cove Associates Joint Venture (collectively, “Appellants”), appeal from the master-in-equity’s order finding the parent companies of Sherwood Development Corporation were not liable to pay Appellants’ judgment against Sherwood. We affirm.

FACTS

Spartanburg Beach Cove Associates is a general partnership with Mid-South and the William C. Buchheit Trust A as its majority partners. Spartanburg and Sherwood formed a Joint Venture, Beach Cove Associates Joint Venture. Spartanburg had two-thirds interest in the Joint Venture…