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MAJOR v. LORD

No. 4004.

357 S.W.2d 820 (1962)

Sam I. MAJOR, Appellant, v. L. S. LORD, Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied May 24, 1962.

Attorney(s) appearing for the Case

Thompson, Walker, Smith & Shannon, Paul C. Cook, Ft. Worth, for appellant.

Wm. Andress, Jr., Dallas, for appellee.

WILSON, Justice.

Appellee, Lord, recovered judgment against appellant, Major, for debt alleged to be due under a contract, and for possession of equipment.

Lord was area licensee of the holder of a patent for re-treading tires. Under this primary license agreement the licensor agreed to supply Lord tread rubber at a cost not more than 10¢ per pound above current market price, and Lord agreed to pay licensor a royalty of 10¢ per pound for rubber purchased...

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