The subject contract was properly rescinded due to a material misrepresentation of fact upon which respondent relied (see, Bloomquist v Farson, 222 N.Y. 375, 380). Further, as the misrepresentation was intentionally made by the corporate seller's sole officer, director and shareholder, the court properly pierced the corporate veil and imposed the corporate obligation upon appellant (see, Matter of Morris v New York State Dept. of Taxation & Fin...
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