On August 31, 1989, defendant, as president of 342 Management Corporation (hereinafter 342MC), entered into a lease with P & J G Enterprises (hereinafter P&JG), a corporation which, inter alia, managed the financial affairs of the Thruway House, a hotel located in the City of Albany (hereinafter the hotel). The lease provided that 342MC would assume management of the hotel on September 1, 1989, in exchange for P&JG receiving...
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