SMULLAN v. KENSINGTON STEEL CO

CONTRACTS, § 370 — duration, no time mentioned. In action for specific performance of a contract whereby defendant corporation agreed to cede its compensation insurance to plaintiff in return for latter's purchase of certain amount of stock, since no period of time was mentioned in the contract, it was terminable at will by either party, and defendant was properly found, after transfer of cause to law docket, not to be liable in damages for terminating the contract.

Opinion by PRESIDING JUSTICE O'CONNOR.

"Not to be published in full." Opinion filed April 28, 1941; rehearing denied May 12, 1941.