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LANIER v. SECURITIES ACCEPTANCE CORPORATION

No. 7011.

398 P.2d 980 (1965)

74 N.M. 755

Clark LANIER, Defendant, Third-Party Plaintiff, Appellee and Cross-Appellant, v. SECURITIES ACCEPTANCE CORPORATION and Central National Insurance Company, Third-Party Defendants, Appellants and Cross-Appellees.

Supreme Court of New Mexico.

February 1, 1965.

Attorney(s) appearing for the Case

McAtee, Toulouse, Marchiondo, Ruud & Gallagher, Albuquerque, for appellants.

Cooney, Schlenker & Briones, Farmington, for appellee.

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...

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