Cerceo v. DeMarco

Opinion by

Mr. Justice Cohen,

In July of 1949 Victor Maneini, now deceased, entered into a partnership agreement with Silvio De Marco for the operation of a pharmacy under the name of the Ivy Hill Drug Store. The agreement provided for the continuation of the partnership for a term of five years and for a renewal term of five years should the partners mutually agree in writing to such extension. Although no agreement extending the original five year term was executed by the parties, Mancini and DeMarco continued to operate the pharmacy as if the agreement had been extended. It was on this…