Looking for a legal term of art: Assumption? Ratification?
February 26, 2014 7:03 PM Subscribe
You have a contract with Company A, which goes bankrupt. Company B buys the assets and continues operating under the original contract with you. Assuming that Company B did not simply acquire the contract in the bankruptcy, what is the term for what happened? Did Company B adopt the contract? Assume it? Ratify it? Thanks!