Lake Forest Park, Inc. v. Federal Financial Co.

The appellants, the makers and/or guarantors on two promissory notes, appeal a final summary judgment entered in favor of the appellee, Federal Financial Company, a successor in interest to the Resolution Trust Corporation (“RTC”). Based upon our careful review of the undisputed record evidence before us, we conclude that the trial court correctly determined, as a matter of law, that both notes were negotiable instruments pursuant to section 673.1041(1), Florida Statutes (1995); and that the appellee, as successor to the RTC, was entitled to federal holder in due course status so as to bar…