Daniels v. Parradee.

The parties made a contract by which plaintiff New Era Spring & Specialty Company was to manufacture an automobile spring bumper under certain claimed patent rights of defendant, and to pay to defendant a royalty on each bumper manufactured and sold. The bill was filed to restrain an action at law by defendant to recover an amount claimed to be due, and to set aside the contract because of fraud. The fraud claimed by plaintiff, in the evidence, disputed by defendant, is that defendant represented just before the making of the contract that his patents were “basic,” “absolutely new,” “nobody…