Which Statement Below Is False

Which statement below is false?

A) The purpose of a marshaling of assets is to protect the interests of various creditors.
B) The marshaling of assets gives order and structure to the settling of claims.
C) When a partner is insolvent,the partner's personal assets should first be used to settle the claims of his or her personal creditors.
D) After a partner's personal creditors are satisfied,any remaining personal assets may be used to pay creditors of the partnership.
E) Partnership assets may be used to pay a partner's personal creditor prior to payment to partnership creditors.

Correct Answer:

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