An Assignment into Bankruptcy Will not Relieve a Party from Performance

question 60

True/False

An assignment into bankruptcy will not relieve a party from performance of a contract.

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Definitions:

Components

Pieces or parts that when combined form a complete unit or system, each serving a specific role within the whole.

Connective

A word or phrase in logic that connects propositions in such a way that the truth or falsehood of the compound proposition depends on the truth or falsehood of the components.

Inconsistent

Lacking compatibility or uniformity in actions, values, methods, measures, principles, or expectations; in logic, having two or more propositions that cannot all be true at the same time.

Contradictory

In direct opposition to something else, containing elements or statements that are in logical conflict with one another.