According to the Restatement, Unless Circumstances Indicate the Contrary, a Contract

question 59

True/False

According to the Restatement, unless circumstances indicate the contrary, a contract term prohibiting assignment of the contract bars both the assignment of rights and the delegation to the assignee of the assignor's duty of performance.

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Definitions:

Voluntary Bankruptcy

The act of an individual or business initiating bankruptcy proceedings on their own accord as a means to manage insurmountable debt.

Order for Relief

A court order that formally begins the process of providing legal relief to a debtor in a bankruptcy case, offering protection from creditors.

Bankruptcy Petitioner

An individual or entity that initiates a bankruptcy case by filing a petition in bankruptcy court.

Secured Creditors

Creditors that hold a claim against assets or collateral provided by the debtor to secure the obligation of repayment.