The articles of association of trent ltd state that cyril, Ask an Expert

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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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91644444

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