Southern Bank & Trust Co. v. Harley

Ness, Chief Justice:

This is an action on a guaranty agreement. We granted certiorari to review the decision of the Court of Appeals reported at 292 S. C. 340, 356 S. E. (2d) 410 (Ct. App. 1987) and now affirm that decision as modified. We also decide that the commencement of bankruptcy proceedings by petitioners Beaver and Knauss does not automatically stay this matter.

The facts are reported in the Court of Appeals’ opinion. The Court of Appeals properly held that the trial court erred in limiting petitioners’ liability to $12,583.19. The Court of Appeals erred, however, in accepting…