United States Circuit Court for the Southern District of Ohio

Summary

United States Circuit Court for the Southern District of Ohio Cook v. Rogers’ Administrator (1880)

I think, therefore, that neither by the agreement nor will does the law make the general assets of the estate liable for the debts of this partnership contracted after the death of the testator. Does, then, the provision of the will in regard to the other partnerships, and the fact that the executor collected dividends, and that the estate has derived large sums of money from them, make such incomes liable for the debts contracted after the death of the testator by this particular partnership?
Source: Wikisource

United States Circuit Court for the Southern District of Ohio Cook v. Rogers’ Administrator (1880)

Louis, Missouri, shall not cease, nor said partnership be determined, by reason of my death, but that my share and interest in each shall continue and be kept up and represented by the executor of this my will, in my stead, until such time as in his judgment it shall be most advantageous for my estate to sell out and settle up and close up the said shares and interests respectively.
Source: Wikisource

United States Circuit Court for the Southern District of Ohio Cook v. Rogers’ Administrator (1880)

It does not provide that it shall be continued notwithstanding the death, but that it may be. There is no binding obligation upon the part of Patrick Rogers that this copartnership should continue after his death; it does not in terms fix and extend any liability upon him or his eatate after his death. And it seems to me very clear that if he had died intestate, and his administrator had undertaken to have carried on this partnership with the general assets of the estate, he could not, under this clause, have been justified in doing so.
Source: Wikisource

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