Southmark Corp. v. Mungo

Littlejohn, Chief Justice:

The issue in this appeal is whether the defendant-respondent, Michael J. Mungo, is liable as a matter of law to the plaintiff-appellant, Southmark Corporation, for damages allegedly sustained when it unsuccessfully attempted to develop a thirty-four acre tract of land in Lexington County. The issues growing out of a contract were tried by a jury which found in favor of Mungo. We hold that the trial judge erred in failing to grant a directed verdict for plaintiff, Southmark.

In 1971, Fountain, Cecil and Summers, Inc. owned the subject property upon which it planned to…