CECIL, Circuit Judge.
This is an appeal from the judgment of the District Court denying General Accident Fire & Life Assurance Corporation, Ltd., (hereinafter called "General Accident") as assignee of The H. K. Ferguson Company, (hereinafter called "Ferguson") the right to indemnification from Smith and Oby Company (hereinafter called "Smith and Oby").
In June of 1956, General Accident filed an action in the District Court to recover some $57,915.40 plus...
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