Question
Gerard is the CEO of Osmosis Records Pty Ltd. Clause 4 of the company constitution provides that Mr Ricard of Ricard & Partners Pty Ltd
Gerard is the CEO of Osmosis Records Pty Ltd. Clause 4 of the company constitution provides that "Mr Ricard of Ricard & Partners Pty Ltd is the company's lawyer". Mr Ricard is about to retire and Gerard wants to appoint another law firm. He is worried that, if he does so, Ricard & Partners Pty Ltd may enforce compliance with clause 4 of its constitution. Which of the following is correct: Group of answer choices Osmosis Records can enforce the constitution against Mr Ricard and prevent him from retiring. Ricard & Partners cannot enforce clause 4, but only if it is a member of the company. Osmosis Records must amend its constitution before it can legally appoint another law firm. Ricard & Partners cannot enforce clause 4, even if it is a member of the company.
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