Under the Bankruptcy Code,a trustee in a Chapter 11 proceeding is not given authority to assume or reject executory contracts.

Name: Under the Bankruptcy Code,a trustee in a Chapter 11 proceeding is not given authority to assume or reject executory contracts.
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The statement is false. According to the Bankruptcy Code, a trustee in a Chapter 11 proceeding does have the authority to assume or reject executory contracts, subject to court approval.

Under the Bankruptcy Code,a Trustee in a Chapter 11 Proceeding