A, B and C are equal shareholders of RentEquip, Inc. C manages the business; A and B do not actively participate. There are no shareholder or board meetings, and A and B receive no information from C though they receive sizable monthly dividend checks. C hires E, who rents to V a defective chainsaw. Ouch! When V sues RentEquip for her injuries, A and B discover the companys insurance policy has lapsed because C had not paid the premiums, despite Cs assurances to them that the premiums had been paid. RentEquip has insufficient assets to pay Vs judgment. Who is liable to V? Apply the correct law and explain your answer in full.