Ruth Whitehead v. American Security and Trust Company, American Security and Trust Company v. Ned Whitehead, and Whitehead and Company, Inc.

285 F.2d 282
CourtCourt of Appeals for the D.C. Circuit
DecidedJanuary 10, 1961
Docket15595_1
StatusPublished
Cited by23 cases

This text of 285 F.2d 282 (Ruth Whitehead v. American Security and Trust Company, American Security and Trust Company v. Ned Whitehead, and Whitehead and Company, Inc.) is published on Counsel Stack Legal Research, covering Court of Appeals for the D.C. Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ruth Whitehead v. American Security and Trust Company, American Security and Trust Company v. Ned Whitehead, and Whitehead and Company, Inc., 285 F.2d 282 (D.C. Cir. 1961).

Opinions

FAHY, pircuit Judge.

In the District Court Ruth Whitehead, the appellant in No. 15582, unsuccessfully sued the American Security and Trust Company, appellee, herein also referred to as the bank, upon its treasurer’s check issued in the amount of $6,000 under date of March 5, 1954, to the order of one Cordova. The latter had endorsed the check to Kyle C. Grainger, a California attorney, who had endorsed it without recourse to Harold J. Ostly, County Clerk and Clerk of the Superior Court of California, in and for the County of Los Angeles. Pursuant to provisions of the California Code, Ostly turned the check over to the County Treasurer of the County of Los Angeles who held it in his official capacity subject to the outcome of an action brought by appellant in the Los Angeles County Superior Court against Cordova, Ned Whitehead, the ex-husband of appellant, and Whitehead and Company, Inc. Ostly, however, did not endorse the instrument.

The Superior Court on October 11, 1956, entered a judgment that our appellant, Ruth Whitehead, “is entitled to the possession of said check and to the money which is represented by said check, and to the proceeds of said check when same is cashed or paid by the maker or any other person.”

Pursuant to this judgment the check was delivered to appellant with the endorsement, “Pay to any bank or banker, H. L. Byram, Treasurer, County of Los Angeles.” Appellant endorsed the check to the Security First National Bank of Los Angeles for collection, which endorsed it and presented it through banking channels to appellee bank in November 1956. Appellee refused to honor the check and returned it marked “Payment Stopped,” whereupon appellant sued appellee for the amount called for on the check.

The foregoing facts are undisputed. There was also evidence which amply supports the finding of the District Court, set forth in a Memorandum, that the bank had been the victim of a fraud perpetrated by Ned Whitehead and participated in by Cordova, the payee of the check of March 5, 1954. Upon the false representation that the check of March 5, 1954, had been lost and by the posting of a lost-instrument indemnity bond the bank had been induced on July 14, 1954, to issue a duplicate treasurer’s check of $6,000. This duplicate check was paid by the bank to Ned Whitehead August 5, 1954, Cordova, its payee, having endorsed it to Whitehead.

[284]*284The District Court gave judgment for the bank. The court reasoned that, though the check of March 5, 1954, was a negotiable instrument the missing endorsement of Ostly prevented plaintiff from occupying the position of a holder in due course and, accordingly, the defense “that defendant’s obligation to the maker and payee of the check in-question has been paid,” was good. We are not in agreement with this. Though we were to assume that appellant was not a holder in due course, the defense of payment rests upon the payment of the duplicate check of July 14, 1954. This payment was due to a fraud upon the bank by Ned Whitehead, who had supplied the funds for the cheek of March 5, 1954, and was not a payment in due course. See Pittsburgh-Westmoreland Coal Co. v. Kerr, 1917, 220 N.Y. 137, 115 N.E. 465; In re Seaman’s Will, 1923, 205 App.Div. 681, 200 N.Y.S. 504. For this reason the reliance upon 28 D.C. Code, § 401 (1951), which provides that “payment [to the holder thereof] in due course discharges the instrument,” is misplaced. The situation is akin to one where a prior holder of a note receives payment from the maker who later seeks to interpose payment and discharge as a defense when sued by the party actually holding the instrument at the time the payment is made. It is settled that in such ease the loss does not fall on the holder unless the party to whom payment is made has authority to receive payment or unless the circumstances give rise to an estoppel. See, e. g., Davis v. Casey, 70 App.D.C. 27, 103 F.2d 529; Jones v. Hamilton Nat. Bank, D.C.Mun.. App.1954, 109 A.2d 135; Eastern Acceptance Corp. v. Henry, D.C.Mun.App. 1948, 62 A.2d 309.

Appellant was entirely innocent of the fraud. She was the owner for value of the check of March 5, 1954,1 issued by the bank as its own promise to pay. As against her the loss of the $6,000 is required under principles of equity to be borne by the bank. Appellant was without opportunity to protect herself from the fraud. The bank, on the other hand, did undertake to protect, itself by requiring an indemnity bond prior to issuing the duplicate instrument under section 28-410 of our Code. While this did not create liability on the part of the bank to appellant, it bears upon the equitable principle referred to; for, although also innocent of the fraud the bank participated in conduct which led to payment of the duplicate check. Since the obligation of the bank to appellant as owner of the March 5 check was not discharged by this fraudulently induced payment, with the consequence that one of two innocent parties, the appellant and the bank, must suffer the loss, equity casts it, as stated in Foley v. Smith, 73 U.S. 492, 494, 18 L. Ed. 931, upon the one “who has most trusted the party through whom the loss came.” Accord, Counselman v. Pitzer, 65 App.D.C. 71, 79 F.2d 707, certiorari denied 296 U.S. 650, 56 S.Ct. 310, 80 L.Ed. 463; Arms & Drury, Inc. v. Columbia Title Ins. Co., 62 App.D.C. 178, 65 F.2d 811. In this case that is the bank.2

[285]*285We have considered other defenses raised. One of these is based on section 28-1004 of our Code, which provides:

“Where a cheek or other instrument payable on demand at any bank or trust company doing business in the District of Columbia is presented for payment more than one year from its date, such bank or trust company may, unless expressly instructed by the drawer or maker to pay the same, refuse payment thereof, and no liability shall thereby be incurred to the drawer or maker for dishonoring the instrument by nonpayment.”

We hold that this provision does not apply to a treasurer’s check of the bank to which it is presented, such as the check of March 5, 1954. The seemingly broad coverage of the section is narrowed by language which shows that it applies only to instruments of a drawer or maker other than the bank upon which it is drawn. It is designed to protect a drawer or maker who might not be in a position to make good on an instrument drawn or made more than a year prior to its presentation, and also to protect the bank from liability to a drawer or maker other than the bank itself. Where, however, the maker is the bank itself, as in this case, it cannot simply rely upon this section in refusing to pay its own treasurer’s check not presented within one year. Such an instrument may be treated by the holder as a promissory note which is an unconditional promise in writing, made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time a sum certain in money to order or to bearer. Steinmetz v. Schultz, 1932, 59 S.D. 603, 241 N.W. 734; and see Ross v.

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Bluebook (online)
285 F.2d 282, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ruth-whitehead-v-american-security-and-trust-company-american-security-cadc-1961.