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9. Carson, Crocket, and Kitt were partners in the import- ing business. They needed additional capital to expand They located an investor named White, who

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9. Carson, Crocket, and Kitt were partners in the import- ing business. They needed additional capital to expand They located an investor named White, who agreed to purchase a one-fourth interest in the partnership by contributing $50,000 in capital. At the time White became a partner, there were several large creditors who had previously lent money to the partnership. The partnership subsequently failed, and the creditors are attempting to assert personal liability against White. Is he liable for these debts? Explain

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