Where after a partner's death the business is continued in the same Limited Liability Partnership name, the continued use of that name or of the…

CA Intermediate · Corporate and Other Laws · PYQS · January 2025
Where after a partner's death the business is continued in the same Limited Liability Partnership name, the continued use of that name or of the deceased partner's name as a part thereof:
(A) (A) shall make his legal representative liable for any act of the limited liability partnership done after his death.
(B) (B) shall make his estate liable for any act of the limited liability partnership done after his death.
(C) (C) shall make his legal representative or his estate liable for any act of the limited liability partnership done after his death.
(D) (D) shall not by itself make his legal representative or his estate liable for any act of the limited liability partnership done after his death.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

(D) shall not by itself make his legal representative or his estate liable for any act of the limited liability partnership done after his death.

Topics: The Limited Liability Partnership Act, 2008

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