Royal Indemnity Co. v. Markley

Royal Insurance Company, as insurer, issued a policy of insurance covering a truck in which policy Jacob Suppes Oil Company, owner of the truck, was the named insured. Thereafter, the oil company entered into written lease agreement with S. A. Markley, whereunder Markley took possession and control of the truck. In the course of the operation of the truck it became involved in an accident as a result of which suit was brought against Markley. Royal Insurance Company having denied liability under its policy, Markley brought this action against it to recover the amount paid in settlement of the…