Pacific Coin Lock Co. v. Coin Controlling Lock Co.

DIETRICH, Circuit Judge.

On February 23, 1915, appellee entered into a continuing contract with one Garrison conferring upon him the right to use and rent in California and Texas coin controlled locks which it manufactured and upon which it held letters patent. One of Garrison’s obligations was an annual rental charge at the rate of $10 per lock, one half to be paid on the 1st day of January and the other half on the 1st day of July of each year, beginning with January 1, 1915. On the day it was executed, the contract was, with appellee’s consent, assigned by Garrison to the appellant, who…