Bo Red operated a retail appliance business from premises he was leasing. He sold his complete inventory to a competitor, Mom's Appliance Warehouse Inc. for $100,000. He then carried on business from the premises devoted solely to selling compact discs, records, and cassettes. This business operation was greatly diminished from the previous appliance operation. The creditors of Bo(in relation to the appliance business) are unpaid and just now discover, two months after the sale to Mom's Appliance, that Bo is no longer in the appliance business. What remedies, if any, do Bos appliance creditors have?

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The Answer of Bo Red operated a retail appliance business from premises he was leasing. He sold his complete inventory to a competitor, Mom's Appliance Warehouse Inc. for $100,000. He then carried on business from the premises devoted solely to selling compact discs, records, and cassettes. This business operation was greatly diminished from the previous appliance operation. The creditors of Bo(in relation to the appliance business) are unpaid and just now discover, two months after the sale to Mom's Appliance, that Bo is no longer in the appliance business. What remedies, if any, do Bos appliance creditors have?

Bo Red Operated a Retail Appliance Business from Premises He