Floats R Us Inc. hires a licensed contractor, Bob The Builder LLP, to help build and repair Mardi Gras floats. Bob completes the work timely but Floats fails to pay. Bob is awarded $120,000 in an arbitration proceeding. Floats then forms another corporation, NOLA Floats Inc., and transfers all of its assets to the new corporation without paying or notifying Bob. The new corporation includes the same management and shareholders as Floats and operates in the same location and engages in the same business. Can Bob hold the new corporation liable for Floats debt to him? Explain any general rules and exceptions that may apply to liability under this form of acquisition and how you think a court would rule.