Federated Mutual Implement & Hardware Insurance Company v. Fairfax Equipment Company, Inc., a Corporation

PICKETT, Circuit Judge.

Federal Mutual Implement & Hardware Insurance Company brought this declaratory judgment action for a determination of its liability under a multiple peril insurance policy which it had issued to the defendant, Fairfax Equipment Company, Inc. The defendant-insured operated a farm equipment and automobile business at three different locations in Fairfax, Oklahoma. The policy Insured against loss to the merchandise placed at these three locations, but fixed a separate limit of coverage for each location. 1 A fire destroyed the building and contents at the location having a…