FDIC v. Klinck

CourtDistrict Court, D. New Hampshire
DecidedAugust 20, 1993
DocketCV-91-614-B
StatusPublished

This text of FDIC v. Klinck (FDIC v. Klinck) is published on Counsel Stack Legal Research, covering District Court, D. New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
FDIC v. Klinck, (D.N.H. 1993).

Opinion

FDIC v. Klinck CV-91-614-B 08/20/93

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF NEW HAMPSHIRE

Federal Deposit Insurance Corporation, as Receiver for BankEast

v. Civil No. 91-614-B

Christopher Klinck, et al.

O R D E R

The Federal Deposit Insurance Corporation ("FDIC")a receiver

for the failed BankEast, has brought claims against Mary

Constance Waller and Christopher Klinck to recover for non­

payment on a line of credit extended to them by BankEast ("the

Bank"). Waller has asserted various defenses to the FDIC's

claims and has filed a counterclaim against the FDIC.1 The FDIC

has moved for summary judgment against both Klinck and Waller.

Klinck has assented to entry of judgment against him on the

FDIC's motion. Waller, however, objects. On January 25, 1993,

Magistrate Judge Arenas recommended that the FDIC be granted

summary judgment on its claims against both Klinck and Waller and

1 Waller and Klinck have also asserted cross-claims against each other. on Waller's counter-claim against the FDIC. I affirm the

Magistrate Judge's recommendation.

FACTS2

Mary Constance Waller and Christopher Klinck lived together

from 1978-1989. On December 9, 1986, they received a $50,000

line of credit from the Bank, mortgaging Waller's home as

security. The demand note states: "for value received

Christopher Klinck and Mary Constance Waller with a principal

place of residence located in Starksboro, VT promise[] to pay on

demand to the order of the Bank . . . the principal sum of fifty-

thousand dollars or so much thereof as has been advanced, plus

interest . . . ." Without the knowledge or permission of

Waller, Klinck reguested an advance of $46,000. The Bank's

records contain a copy of a notice addressed to both co­

defendants informing them of the disbursal of funds under the

note. Waller claims that she never received this notice, nor did

she receive the benefit of the advance. In 1989, Waller and

Klinck dissolved their relationship and signed a contract which

2 The facts are stated in the light most favorable to Waller.

2 divided their property and left Waller in possession of the house

which they had mortgaged to secure the line of credit. When she

agreed to the property settlement. Waller did not know of the

Bank's advance to Klinck. Instead, she learned of the advance

when the Bank notified her of Klinck's default and sought to

foreclose on her residence.

The Bank commenced this action in state court. The matter

was removed to federal court after the FDIC was appointed to act

as the Bank's receiver.

DISCUSSION

As defenses to the FDIC's collection effort. Waller asserts

that (1) the Bank breached its obligations under the contract by

disbursing funds to Klinck without her knowledge or consent; (2)

she is not jointly and severally liable on the note; and (3) the

Bank breached its duty of good faith and fair dealing by

disbursing funds to Klinck without her knowledge or consent.3

3 On August 2, 1993, without moving to amend her counterclaim. Waller filed a supplemental memorandum of law arguing that the FDIC violated the Federal Truth in Lending Act. This new claim is untimely and raises new legal issues never addressed by Waller in the three and one-half year litigation of this case. Consideration of the memorandum this late in the day would be patently unfair to the opposing party. Accordingly, I

3 She also asserts a counter-claim alleging that the Bank's

disbursement of funds to Klinck without her knowledge or consent

was unfair and deceptive, in violation of the Consumer Protection

Act, N.H. Rev. Stat. Ann. ("RSA") 358-A. The FDIC, however,

argues that summary judgment is appropriate with respect to these

claims because: (1) certain of Waller's claims are barred by the

D 'Oench Doctrine;4 and (2) no reasonable finder of fact could

find for Waller on the merits of her contentions. For the

reasons that follow, I find that Waller's claims are not barred

by D 'Oench, but that summary judgment is appropriate because no

reasonable finder of fact could conclude that the Bank breached

its obligations as to Waller based on the evidence provided.

A. Breach of Contract

Waller argues that she is not liable for disbursements made

to Klinck because the Bank breached its contractual duty to

deny Defendant Waller's Motion to Allow Filing of a Supplemental Memorandum of Law (document no. 27) and will not consider the Memorandum.

4 D'Oench, Duhme & Co. v. FDIC, 315 U.S. 447 (1942) and its progeny bar affirmative claims as well as defenses asserted against the FDIC when they are premised upon oral agreements and written agreements which fail to meet the standards set forth in the codification of the doctrine, 12 U.S.C.A. 1823(e)(West 1989). Timberland Design, Inc. v. First Serv. Bank for Sav., 932 F.2d 46, 49 (1st Cir. 1991) .

4 obtain her consent before making such disbursements. The terms

of the note, however, do not condition the Bank's right to

advance funds on Waller's approval. Nor does it reguire that

Waller receive notice of a disbursement. Further, Waller has

failed to identify any other document that creates a contractual

obligation on the part of the Bank to notify her or obtain her

consent before making disbursements to Klinck. Merely asserting

that the disbursements were unlawful will not sustain Waller's

burden under the summary judgment standard. Munoz v. R.J.

Reynolds Tobacco Co., 896 F.2d 5, 8 (1st Cir. 1990). Moreover,

although she now states that she intended that the contract would

reguire notice and approval before disbursement could be made, I

will not go beyond the unambiguous language of the contract

documents to discern the parties' intent based on Waller's

"unmanifested state[] of mind." See Tentindo v. Locke Lake

Colony A s s 'n , 120 N.H. 593, 599 (1980); Kilroe v. Troast, 117

N.H. 598, 601 (1977).

B. Joint and Several Liability

Waller also argues that there is a material fact in dispute

precluding the entry of summary judgment because the note is

ambiguous concerning whether Waller and Klinck are to be held

jointly and severally liable for sums advanced under the note.

5 This argument is unavailing because Waller and Klinck both signed

the note as makers. Under these circumstances. Waller and Klinck

are jointly and severally liable for obligations under the note

as a matter of law. See FDIC v. Blanton, 918 F.2d 524, 534 (5th

Cir. 1990); Jett v. Phillips & Assoc., 439 F.2d 987, 990 (10th

Cir. 1991); Clark v. Dedina, 658 S.W.2d 293, 298 (Tex. Ap p .

1983) .

C. Good Faith and Fair Dealing Defense and Consumer Protection Act Claims

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Related

D'Oench, Duhme & Co. v. Federal Deposit Insurance
315 U.S. 447 (Supreme Court, 1942)
Robert C. Hahn v. Francis W. Sargent
523 F.2d 461 (First Circuit, 1975)
Leonard Lacy v. Harold F. Gabriel
732 F.2d 7 (First Circuit, 1984)
Clark v. Dedina
658 S.W.2d 293 (Court of Appeals of Texas, 1983)
Kilroe v. Troast
376 A.2d 131 (Supreme Court of New Hampshire, 1977)
Tentindo v. Locke Lake Colony Ass'n
419 A.2d 1097 (Supreme Court of New Hampshire, 1980)
Centronics Corp. v. Genicom Corp.
562 A.2d 187 (Supreme Court of New Hampshire, 1989)

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