Faggelle v. Marenna

Michele Marenna and Leonard Marenna, one of his sons, were partners in business for many years. In 1938 they entered into a written partnership agreement to run two years. When the two years were up, they orally agreed to continue business “just the same” and in fact did so. Michele died February 6, 1943. The written agreement referred to contained the following clause: “7. In the event of the death of either of the parties hereto, said partnership shall continue for the term of this agreement and the share of said deceased partner shall pass to his widow, subject to the same terms and…