Case Problem with Sample Answer—Purchase of Assets. Grand Adventures Tour & Travel Publishing Corp. (GATT) provided travel services. Duane Boyd, a former GATT director, incorporated Interline Travel

& Tour, Inc. At a public sale, Interline bought GATT’s assets.

Interline moved into GATT’s office building, hired former GATT employees, and began to serve GATT’s customers. A GATT creditor, Call Center Technologies, Inc., sought to collect the unpaid amount on a contract with GATT from Interline. Is Interline liable? Why or why not? [Call Center Technologies, Inc. v. Grand Adventures Tour & Travel Publishing Corp., 635 F.3d 48 (2d Cir. 2011)] (See page 764.)

—For a sample answer to Problem 29–7, go to Appendix H at the end of this text.