Freshwater v. Colonial Production Credit Ass'n

Bell, Judge:

Richard K. Freshwater brought this action for damages against Colonial Production Credit Association, alleging Colonial failed to protect his subrogated interest in a lien on the shrimpboat Apache, owned by Richard’s brother, Alvin Freshwater. The circuit court granted Richard summary judgment for $29,830.84 and Colonial appealed. During the pendency of the appeal, Colonial moved for a partial new trial on the issue of whether Richard’s judgment had been satisfied by a covenant not to execute made between him and Alvin.' After trial of that issue, the circuit court held the…