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.
Answer: C