Janet Jackson sold the assets and liabilities of her coin-operated laundry to Kevin Jones for $20,000. The assets of the business included all of the washers, dryers and furniture. The liabilities included the amounts still owing on five new washer and two dryers, which had been purchased recently from Appliances R US under an installment contract. Jones agreed to make the installment payments on the new appliances as they came due. After Jones failed to make an installment payment when it was due, Appliances R US sued Janet Jackson. Jackson claimed she no longer was liable. Using IRAC determine whether Janet Jackson is liable?