FORMAN, District Judge.
On November 14, 1935, defendant through its agent, L. M. Brooks, wrote a policy of insurance covering a 1929 two and one-half ton Chevrolet truck owned by Joseph LaRocco. The policy was retained by Brooks because it was written upon a credit agreement between him and LaRocco. On January 3, 1936, LaRocco made a payment of $10 which was applied to the premiums due. On April 3, 1936, LaRocco sold the Chevrolet truck and on the same day purchased...
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