International Bank v. Banco de Economias y Prestamos

55 F.R.D. 180, 1972 U.S. Dist. LEXIS 15180
CourtDistrict Court, D. Puerto Rico
DecidedFebruary 9, 1972
DocketCiv. No. 404-71
StatusPublished
Cited by7 cases

This text of 55 F.R.D. 180 (International Bank v. Banco de Economias y Prestamos) is published on Counsel Stack Legal Research, covering District Court, D. Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
International Bank v. Banco de Economias y Prestamos, 55 F.R.D. 180, 1972 U.S. Dist. LEXIS 15180 (prd 1972).

Opinion

[182]*182ORDER

TOLEDO, District Judge.

This cause is before us on a motion to dismiss1 which alleges that plaintiff’s complaint fails to state a claim against the defendant upon which relief can be granted.2 Extensive memoranda of law and exhibits were filed by both parties to the action.

Plaintiff’s complaint alleges in substance that during the month of November 1970, and in the regular course of business, it received twenty-four (24) checks totalling the sum of $138,472.90, issued against several accounts of defendant bank.3 Plaintiff further alleges that, without delay and following accepted banking procedures, it forwarded the mentioned checks through its correspondent banks to defendant, who received them at the Puerto Rico Clearing House. It is further contended that the defendant retained the checks for over one week and after said period refused payment of the checks to plaintiff. The plaintiff also contends that acceptable banking practices as well as the negotiable instruments law and the prevailing banking regulations require that a bank which receives a check at the clearing house must accept or reject4 the same within twenty-four (24) hours and that a retention beyond that period is an acceptance of the check. By having the defendant retain the checks for over one week, refusing payment of the checks afterwards, plaintiff alleges the defendant has caused it damages, for the plaintiff, relying on the law, regulations and [183]*183business practices and after a reasonable time, allowed the withdrawal of the funds represented by the checks drawn upon accounts in the defendant bank.

Defendant’s motion to dismiss the complaint basically contends that at the time the twenty-four (24) checks were presented5 to the defendant, there was an agreement6 7between all banking institutions doing business in Puerto Rico, whereby each and every such bank gave defendant a period of five days in which to return to presenting banks the unpaid items. It further contends that the twenty-four (24) hour period which serves as a basis for plaintiff’s complaint is not applicable in Puerto Rico, and therefore, to this case.1 Furthermore, defendant contends that even if the court were to consider the twenty-four (24) hour period, is applicable to demand items presented for payment,8 the court would, nevertheless, have to find that there was never an acceptance of such items under the provisions of Section 246 of Title 19, Laws of Puerto Rico Annotated, since the holders of said items, Banco Crédito y Ahorro Ponceño and Chase Manhattan Bank, allowed the defendant a period of five (5) days during which to return the unpaid items.9 Defendant further contends it has no relation, privity or connection with plaintiff in regard to the aforesaid checks; and that any communication between the defendant and another bank related to the twenty-four (24) checks involved herein were communications with Banco Crédito y Ahorro Ponceño and Chase Manhattan Bank, among which the agreement10 was binding, valid and effective at the time the defendant returned said checks.

The plaintiff filed a motion in opposition to defendant’s motion to dismiss the complaint contending that there is no “agreement” and that even if the exhibit attached to defendant’s motion and labeled “agreement”, were to be considered valid and effective, the defendant did not comply with its provisions. In the brief in support of plaintiff’s motion in opposition, it is contended that variations to the twenty-four (24) hour period expressed in Section 246 of the Uniform Negotiable Instruments Act, Title [184]*18419, Laws of Puerto Rico Annotated, can be altered. Any variations are said to be usually manifested in the rules of the Clearing House used by banks to facilitate their business. It is further stated that there is in existence a Clearing House Association Agreement,11 supervised by the Government Development Bank. It is expressed in plaintiff’s memorandum that Regulation No. 3 of the Clearing House Association provides that when an item is presented to a bank for payment through the Clearing House, the retention period shall be two (2) days for those banks handling their demand deposits accounting at a metropolitan office and for those handling their demand deposit accounting at a non-metropolitan office, the retention period is three (3) days. Thus, plaintiff contends that the defendant has failed to comply with the Rules and Regulations of the Clearing House of which it is a member. In relation to the twenty-four (24) hour period established by the Uniform Negotiable Instruments Act of Puerto Rico, Title 19, Laws of Puerto Rico Annotated, Sections 245 and 246,12 plaintiff contends that if it does not apply to the facts of this case as defendant contends, then the checks involved herein were payable on demand and no period of time need be given to the bank upon which it is drawn, relying on Guardian National Bank v. Huntington County State Bank (Appellate Court of Indiana 1931), 178 N.E. 574. As to the alleged agreement,13 which defendant contends is applicable and determinative of the case, the plaintiff contends that the defendant failed to comply with it, for each and every check involved in this case were retained by the defendant for a period exceeding the five working days mentioned in the purported “agreement”.14 In regard to the alleged absence of privity, or relation between the parties to this action in reference to the twenty-four (24) checks, it is plaintiff’s contention that it deserves no mention for, although the defendant asserts this position in his motion to dismiss, in its memorandum of law it, nevertheless, takes the position that there is a relationship between plaintiff and defendant in view of the fact that plaintiff dealt with the defendant through its agents, Banco Crédito y Ahorro Ponceño and Chase Manhattan Bank.

A motion to dismiss for failure to state a claim can serve a useful purpose by disposing of legal issues with a minimum of time and expense to the interested parties. Hiland Dairy, Inc. v. Kroger Co. (8 Cir. 1968), 402 F.2d 968, cert. den. 395 U.S. 961, 89 S.Ct. 2096, 23 L.Ed.2d 748. But see Rennie & Laughlin, Inc. v. Chrysler Corporation, 242 F.2d 208 (1957), where the Ninth Circuit Court of Appeals, at pages 212-213, Judge Barnes speaking for the Court, said what the Court believes reflects a proper perspective:

“ * * * As stated in Gruen Watch Co. v. Artists Alliance, 9 Cir., 191 F.2d 700, 705,
“On occasion motions to dismiss supply a useful technique for the prompt disposition of suits, and the Federal Rules of Civil Procedure which permit judgment on the pleadings are useful indeed. But it must be borne in mind that in many

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Cite This Page — Counsel Stack

Bluebook (online)
55 F.R.D. 180, 1972 U.S. Dist. LEXIS 15180, Counsel Stack Legal Research, https://law.counselstack.com/opinion/international-bank-v-banco-de-economias-y-prestamos-prd-1972.