Lanier v. Securities Acceptance Corporation

McMANUS, District Judge.

George B. Hisel and Maryland Casualty Company sought damages against Clark Lanier on account of an auto-truck collision in which Lanier’s 17-year-old son had been the driver of the auto. Lanier then filed a third-party action against Securities Acceptance Corporation (hereinafter termed S.A.C.) and Central Insurance Company, seeking reimbursement from them in any amount for which he might be found to be liable to Hisel and Maryland Casualty Company. His claim against the third-party defendants is based upon an alleged agreement to procure an automobile liability…