Joey, Chandler and Ross were general partners in a caf doing business as The Perch. The partnership became indebted to Lindenwood Cottee in the amount of $120,000 for espresso coffee makers and bean grinders and related coffee supplies purchased from Lindenwood Coffee. Joey withdrew as partner under the terms of the Partnership Agreement and left the partnership to pursue an acting career. Chandler and Ross continued to operate the caf for another year, and then dissolved the partnership. Lindenwood Coffee sues the former partnership, as well as Joey, to recover the price of equipment supplied to the caf before Joey withdrew. Joey claims that he is not liable on the $120,00 debt because at the time he withdrew as partner, the partnership had sufficient assets to pay all of its partnership debts in full.

Is Joey liable to Lindenwood Coffee? State the reasons for your answer.