Which of the following allegations is false? 0 Kayla [K]. Laurent [L]. Melany {M} and Nathan {Ni are the only four partners and engineers at ABC Engineering Inc.. Their general partnership agreement expressly states that all the partners are solidarily liable for the enterprise's obligations and certain of its debts. independently of the respective shares of each partner in the partnership. Each partner is responsible for 2596 of the debt of the engineering firm. Kayla purchased 2000$ of equipment from XYZ inc. and for the benefit ofABC Engineering. In the event where an: inc. takes a court action against ABC Engineering for the remaining balance of 10005 {including interest and taxesl unpaid and due since ten months: KY2 inc. can legally take a court action against Kayla for 250$. Laurent for 2505. Melany for 2505 and Nathan for 250$. O In a general partnership. a group of persons. called "partners.' who. in a spirit of cooperation. agree to carry on a common activity. such as sharing property. knowledge or activities and sharing any resulting pecuniary profits or losses. Their liability is unlimited. If not expressively stipulated otherwise. the general partners are jointly liable for the partnership's debts. O A limited partnership is a partnership consisting of one or more general partners that contribute. above all. their work. experience. and expertise. They are the sole persons authorized to administer and represent the partnership. They supply money or property to the partnership and their liability with regard to the debts of the partnership is up to the amount of their contribution to the latter. The limited liability partnership is usually only available to a group of professionals. such as lawyers. accountants. engineers. or doctors. O The sole proprietorship is an enterprise that is owned and operated by one person only. It has no legal existence. juridical personality or patrimony separate from that of its owner. All profits made and. where applicable. all losses incurred are that sole proprietor of the enterprise's alone. A creditor can make a claim against the personal assets the sole owner as well as hisr'her business assets to satisfy any debts. If the business is not doing well. the owner can deduct hisr'her losses from hisiher personal income and will have a lower tax bracket when profits are low