Builders FirstSoucre v. Sea Coast Builders

THIS OPINION HAS NO PRECEDENTIAL VALUE. IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 239(d)(2), SCACR. THE STATE OF SOUTH CAROLINA In The Supreme Court Builders FirstSource-Southeast Group, Inc., Respondent, v. Sea Coast Builders, L.L.C. a/k/a Sea Coast Builders, Inc., and Harold Cecil, Defendants, Of whom Harold Cecil is the Appellant. Appeal From Horry County J. Stanton Cross, Jr., Master In Equity Memorandum Opinion No. 2004-MO-027 Heard May 26, 2004 - Filed June 1, 2004 AFFIRMED C. Scott Masel, of Newby, Pridgen & Sartip, LLC, of Myrtle Beach, for Appellant. Joseph F. Singleton, of Singleton, Burroughs & Young, PA, of Conway, for Respondent. PER CURIAM: Affirmed pursuant to Rule 220(b)(1), SCACR, and the following authorities: 18 C.J.S. § 103 (d) (“The enforceability of a contract of guaranty is not affected by a change in the name of the corporation in whose favor the guaranty runs”); See also Official Comment to S.C. Code Ann. § 33-10-109 (1990) (“[A]mendments to articles of incorporation do not interrupt the corporate existence and do not abate a proceeding by or against the corporation even though the amendment changes the name of the corporation”); Pee Dee State Bank v. National Fiber Corp., 287 S.C. 640, 340 S.E.2d 569 (1986)(the language in guaranty was plain on its face and left no room for a limiting construction); American Federal Bank v. Number One Main Joint Venture, 321 S.C. 169, 467 S.E.2d 439 (1996)(personal guaranty signed by debtor provided for attorney’s fees, therefore award of attorney’s fees was appropriate). s/James E. Moore A.C.J. s/John H. Waller, Jr. J. s/E. C. Burnett, III J. s/Costa M. Pleicones J. s/Doyt A. Early, III A.J.