The deaths of two persons who sold their insurance brokerage firm did not discharge the purchaser from its obligation to carry out the terms of the sale agreement and continue making payments to the sellers’ estates, the Superior Court has ruled.
A unanimous three-judge panel issued a memorandum opinion Dec. 17 in Donadio v. Fonner Insurance Associates, holding that the contract at issue represents a property right that can pass as an asset to an estate.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
