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Question
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 dividenda. 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.
Answer
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