South Carolina Federal Savings Bank v. Thornton-Crosby Development Co.

Bell, Judge:

This is an action for damages for breach of contract. South Carolina Federal Savings Bank sued to foreclose a construction loan mortgage on a condominium project, naming as defendants, among others, the owner and developer, Thornton-Crosby Development Company, Inc.; the prime contractor, T.R. Tucker Construction Company, Inc.; and the surety on the prime contractor’s performance bond, Hartford Accident and Indemnity Company, Inc. Thornton-Crosby crossclaimed against Tucker and Hartford for breach of the construction contract. Tucker and Hartford denied the crossclaim and…