Putts v. Commercial Standard Ins.

PHILLIPS, Chief Judge.

This is a declaratory judgment action brought by Commercial Standard Insurance Company1 to have determined its rights, duties, and obligations under a policy of automobile liability insurance.

On July 7, 1947, the Insurance Company issu'ed its policy to A. H. Putts and I. M. Smalley,2 doing business as the Mimbres Valley Gin Company. Among the vehicles covered by the policy was a 1946 Chevrolet tractor and semi-trailer truck unit3 owned by the insured. Subject to certain limitations and restrictions, the Insurance Company agreed to pay insured all sums which they should…