On December 9, 1985, Matatag Corporation revalued its assets. On the basis of the reappraisal, the Board of Directors also declared cash dividends for all stockholders. On December 16, 1985, Matatag Corporation amassed substantial profits in a highly lucrative transaction. Some minority stockholders, however, did not want to complicate their income tax problems for 1985 and refused to accept the cash dividends. They also filed suit to compel the other stockholders to return to Matatag Corporation the money received as dividends. Not one of the stockholders who formed the majority joined in the suit since they were happy with the money they received. As one of its defenses in court, the board of Directors raised the “business judgment rule”. What is the business judgment rule and does it have any relevance to this case? Explain. (1986 BAR)