(1) Where a
partnership entered into for a fixed term is continued after the term has
expired, and without any express new agreement, the rights and duties of the
partners remain the same as they were at the expiration of the term, so far as
is consistent with the incidents of a partnership at will.
(2) A continuance of
the business by the partners, or such of them as habitually acted therein
during the term without any settlement or liquidation of the partnership
affairs, is presumed to be a continuance of the partnership.