Clark v. Tennessee Chemical Co.

1. An executor may exercise his discretion in continuing the business of his testator until the expiration of the current year. Civil Code (1910), § 4012. The term, “current year,” as used in this section, refers to the calendar year, and not to an arbitrary business year fixed by local custom or otherwise. King v. Johnson, 96 Ga. 497 (23 S. E. 500).

2. Where authority to carry on the business of the testator is plainly conferred upon the executor by the will, he may lawfully exercise the power so conferred; and the estate will be liable for debts incurred by him in good faith in conducting…