Mundy v. Holden

Carey, Justice:

This is an appeal from a decree of the Court of Chancery for Kent County directing specific performance of a contract for the sale of a deceased partner’s share in the partnership.

In 1945, William C. Holden and Gilbert H. Mundy entered into an informal partnership in Dover, Delaware, as an automobile agency. During subsequent years, the partnership continued to prosper, and the parties, on January 25, 1954, executed a formal written partnership agreement.

*86After recitals indicating that the partners shared equally in all assets and interests of the partnership, the agreement…