Eberle-Albrecht Flour Co. v. Martinez
Eberle-Albrecht Flour Co. v. Martinez
Opinion of the Court
delivered the following opinion:
This is a suit upon a bill of exchange dated July 18, 1917, by plaintiff in St. Louis on the defendant at San Juan for $4,927.50, alleging that on July 26 defendant accepted the bill, hut has not paid any part of it. The demurrer filed December 29 alleges that the complaint is defective in that it does not allege that the bill was presented to the defendant or payment demanded.
1. The demurrant relies upon articles 460, 469, 488, and 516 of the Commercial Code of Porto Pico for his contention that the complaint against the acceptor of a bill of exchange must allege presentation and refusal of payment. The Code of Commerce in question is Spanish in origin, having been adopted by King Alfonso August 22, 1885, and extended to Porto Kieo with certain amendments by Kegent Maria Cristina January 28, 1886. It is an enlargement of the Code of Commerce formerly prevailing and adopted in 1829, which in its turn goes back to the Ordenanzas of Bilbao and ultimately to the Consulado del Mar of Barcelona in the Middle Ages. All the provisions in question cannot be traced so far, but the Code is a system containing the commercial regulations of Europe as understood for a long time. How far it is in force now need not be determined. Certainly book 3 as to marine commerce and book 4 as to bankruptcy are in force only to a limited extent, if at all. If the first two books on mer
2. It is not at all clear, however, that there is any such conflict. The Code of Commerce, art. 460, says:
“Should he not adduce this proof, he shall reimburse the amount of the bill not paid, even though the protest was not made at the proper time, during the time the bill has riot-prescribed. Should he adduce such proof, the- liability' fertile reimbursement shall rest upon the person who is in default^ provided the bill has not prescribed. [Compilation' 391'i] §8019.] • "N
This and articles 456 and 457 are not applicable to the present case; to wit, that of the drawer suing the drawee who has accepted the bill. Art. 469 provides: “.Bills of exchange which are not presented for acceptance or payment within the period fixed shall be affected thereby--as well as when t-hey are not protested at the proper time.” [Compilation 1911, § 8028.]
This refers only to the period fixed by the subsequent articles, within which presentation is to be had in Spanish or certain other territory. The section within which that provision is found contains also .art. '480 (the words “articles” and “sections” being exactly reversed in Spanish and American use), as follows: “The acceptance of a bill of exchange shall bind the person accepting it to the payment thereof when it- falls Hité,''' and he shall not be relieved from making the payment on account of not having been supplied with funds by 'the drawer, nor for any other reason whatsoever except the forgery of the document.” [Compilation 1911, § 803,9.] . ■
It is so ordered.
Reference
- Full Case Name
- EBERLE-ALBRECHT FLOUR COMPANY v. MARTINEZ
- Status
- Published