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1. If a designer builds a site for their customer, and over time, the customer goes out of business and is no longer using the work that was created for them... Can this work be reused elsewhere if the images used in the design are properly licensed?
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Depends on the type of license used for the content.
For royalty free images, generally speaking yes. But for other types of license you would need to speak with the provider of such images / content.
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2. If the designer does NOT specificly release any copyright to the customer, don't they still maintain the right to use their created works?
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Yes and no, i think for the most part, specifically in the adult industry the assignment of the copyright is implied at the time of delivery.
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As far as I understand, there is no "implied" law pertaining to this, it seems pretty straight forward. I'm just wondering if I am off-base here
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Best way to find out is to speak to an attorney
Regards,
Lee