Legal Question in Business Law in California
what happens if 2 people have an agreement and 1 dies and the other doesn't know they died; what happens to the agreement
Asked on 9/20/11, 10:47 pm
3 Answers from Attorneys
It depends on the agreement. Most executory contracts become the property or obligation of the estate. Certain contracts, however, personal service contracts for example, do not survive the death of a party.
Answered on 9/20/11, 11:24 pm
Anthony Roach
Law Office of Anthony A. Roach
I agree, it depends on the nature of the agreement.
Answered on 9/21/11, 12:16 pm
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
For example, if Picasso dies, his heirs need to pay his mortgage, but don't have to finish the portraits he contracted to paint.
Answered on 9/22/11, 11:40 am
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