Rusty and Sylvia are shareholders of Triad Hotel Corporation. Triad's directors fail to declare a dividend. Rusty and Sylvia could succeed in asking a court to order the directors to meet and declare a dividend
A) if Triad has sufficient earnings available to pay a dividend.
B) if Triad has cash reserves, even if earmarked for a different purpose.
C) if withholding a dividend is an abuse of the directors' discretion.
D) under no circumstances.
Correct Answer:
Verified
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