Falk v. Fannie Mae

McCullough, Judge.

Michael A. Falk (“plaintiff’), as trustee of “The Charlotte Falk Irrevocable Trust,” a trust dated 26 October 1989 having the tax identification number 65-6043718 (the “Trust”), appeals from the trial court’s order granting summary judgment in favor of Fannie Mae, also known as the Federal National Mortgage Association (“FNMA”). For the following reasons, we reverse the trial court’s grant of summary judgment and remand for entry of an order consistent with this opinion.

I. Background

In 1992, Quicksilver Corporation (the “corporation”), which sometime thereafter changed its…