Charles V. Yaddow (hereinafter the infant) sustained serious head and other injuries in 1983 when he was thrown from a motorcycle owned and operated by decedent, Kenneth J. Smith. Smith had maintained a liability insurance policy on the motorcycle with only a coverage of $10,000. Shortly after the accident, petitioners applied for and received court approval of a settlement with respondent by payment of the full policy limit. Thereafter, petitioners...
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