what happens if 2 people have an agreement and 1 dies and the other doesn't know they died what happens to the agreement

Question

what happens if 2 people have an agreement and 1 dies and the other doesn't know they died; what happens to the agreement

Answer

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.

Answer

I agree, it depends on the nature of the agreement.

Answer

For example, if Picasso dies, his heirs need to pay his mortgage, but don't have to finish the portraits he contracted to paint.