Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) If a sole proprietorship fails,the creditors can obtain repayment from the personal assets of the single owner.
B) If a partnership fails,the creditors can obtain repayment from the personal assets of the partners.
C) If a corporation fails,the creditors can obtain repayment from the personal assets of the stockholders.
D) A change in ownership among the partners results in the termination of the partnership.
E) Income taxes are not levied against sole proprietorships and partnerships.