Which of the following is false a regarding a partner's deficit balance? 1. A partner cannot refuse to make contributions to cover their deficit balance. 2. Deficits can occur when the partnership has incurred significant operating losses. 3. Deficits can occur when the sale of noncash assets during the liquidation process results in material losses. 4. The partner with a deficit balance should contribute assets to cover the deficit balance. 5. The other partners may have to absorb the deficit balance