McINTURFF, J.
Larry Fendell appeals the denial of his claim for rescission and the entry of judgment against him. We affirm.
In January 1978, Northwest Furnace & Equipment Co. (Northwest) was formed. Victor Simonson, a former truck driver, provided the funding and was issued 50 percent of the corporate stock. Dennis Teeter, having prior knowledge of the furnace supply business, was issued the remaining 50 percent. However, these shares were pledged to...
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