Crew III, J.
In June 1994, Ralph Varn, Richard Varn and Rainer Saldsieder formed defendant Peregrine Partners (hereinafter defendant) "to acquire, subdivide, develop, sell, lease, mortgage, manage and finance the development of certain real property located [in Tompkins County] and to engage in any such pursuits or activities as may be necessary or appropriate or related or incidental to such activities". Pursuant to the terms of the partnership agreement, the Varns...
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