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CRISP v. EASTERN MORTG. INV. CO.

No. COA05-1441.

632 S.E.2d 814 (2006)

Nelson B. CRISP, Individually, and derivatively on behalf of Eastern Mortgage Investment Company, Plaintiff, v. EASTERN MORTGAGE INVESTMENT COMPANY, Marvin K. Blount, Jr., William G. Blount, Defendants.

Court of Appeals of North Carolina.

August 15, 2006.

Attorney(s) appearing for the Case

Narron, O'Hale and Whittington, P.A., by James W. Narron, Smithfield, for plaintiff-appellant.

The Blount Law Firm, P.A., by Rebecca C. Blount and Darren M. Dawson, Greenville, for defendants-appellees.

STEELMAN, Judge.

Plaintiff appeals the trial court's order granting defendants' motion for summary judgment based upon the theory plaintiff was equitably estopped from denying the validity of the outstanding debt to Eastern Mortgage Investment Company (EMIC). For the reasons discussed herein, we affirm.

The facts in this case are not in dispute. EMIC was founded in 1970 and has remained a family-owned company since its inception, with only members of the Blount...

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