Exe Ltd includes the following provisions in its Articles of Association. If Exe Ltd acted in breach of these clauses, identify which would not be enforceable against the company as a breach of contract.

Exe Ltd includes the following provisions in its Articles of Association. If Exe Ltd acted in breach of these clauses, identify which would not be enforceable against the company as a breach of contract.
A . Shareholders shall be paid dividends in cash.
B . All shareholders are entitled to attend and vote at general meetings of the company.
C . Tom (a shareholder) shall be the company’s managing director for life.
D . Shareholders wishing to sell their shares shall offer them to the company which will purchase them at a fair price as determined by the auditors.

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Answer: C