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Under Section 6, if the number of partners falls below two and the LLP carries on business for more than six months with a sole partner, that partner:
ABecomes personally liable for the LLP's obligations incurred during that period (if he knew)
BMust dissolve the LLP at once
CLoses limited liability for all past acts
DIs not affected
Answer & Solution
Correct answer: A. Becomes personally liable for the LLP's obligations incurred during that period (if he knew)
Section 6 makes the sole remaining partner personally liable for obligations incurred after six months, where he carried on business knowing the number was below two.
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