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The articles of association of Trent Ltd state that Cyril and David are appointed until aged 60 as Company Secretary and Chief Accountant respectively at salaries of £30,000 per annum. Cyril and David took up their posts five years ago, when they were 35 and 40 respectively.
(a) Cyril has received a letter from the Chairman of Trent Ltd discharging him from the post of Company Secretary. Cyril would like to retain the job;
(b) David has given his resignation to the Board of Trent Ltd but the Board will not accept it. Advise Cyril and David.
Can any of the principles discussed under the same general category be deduced or logically derived from these postulates?
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