Jimmy, Matt, and Jay are in the process of forming a partnership. According to their partnership agreement, Jimmy is to invest $100,000 and devote one-half time to the partnership, Matt is to invest $50,000 and devote three-fourths time to the partnership, and Jay is to make no investment and devote full time to the partnership. If the partnership encounters any liability that exceeds partnership assets, what is Jay's potential liability for the debts of the partnership, if any, and why?

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