The namesake of the late Rev. Jimmy Falwell has exited from the evangelical Christian university his father founded.<br />CNN reports Jerry Falwell Jr. has resigned as president and chancellor of Liberty University.<br />The news comes a day after reports that the embattled evangelical leader took part in a sexual relationship with his wife and a former hotel pool attendant.<br />Liberty University's Board of Trustees has accepted Falwell's resignation, and also accepted his resignation from its Board of Directors, effective immediately.<br />On Monday, the school said Falwell had agreed to resign as Liberty's president. However, Falwell then withdrew his resignation later that day.