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:

Visceral Peritoneum

Also known as the serosa, the outermost layer of the abdominal organs that secretes serous fluid to keep the organs from sticking to each other.

Serosa

The outermost layer of the alimentary canal; also known as the visceral peritoneum.

Serous Fluid

A clear, watery fluid secreted by serous membranes, helping to reduce friction between the internal organs.

Pharynx

Structure below the mouth and nasal cavities that is an organ of the respiratory system as well as the digestive system.