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WACHOVIA BANK NAT. ASS'N v. BEANE

No. 4962.

397 S.C. 612 (2012)

725 S.E.2d 715

WACHOVIA BANK NATIONAL ASSOCIATION, Successor By Merger to Wachovia Bank, N.A., Appellant, v. Arthur L. BEANE, Jr., and Virginia Beane, Respondents.

Court of Appeals of South Carolina.

Decided April 4, 2012.

Rehearing Denied May 31, 2012.

Attorney(s) appearing for the Case

John H. Tiller , of Charleston, for Appellant.

John F. Martin , of Charleston, for Respondents.

FEW, C.J.

Wachovia Bank National Association appeals from judgment entered on a jury verdict in favor of Arthur and Virginia Beane. Wachovia contends the trial court erred in denying its motion for a new trial absolute. We agree and reverse.

I. Facts and Procedural History

In January 2002, the Beanes borrowed $370,473.41 from Wachovia to start a new business. As security for the loan, the Beanes pledged a securities account they held with Wachovia...

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