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Daily Archives: Thursday, June 10, 2021

Posted: June 10, 2021

Party Not Entitled to Rescission of Contract When it Had An Adequate Remedy at Law

On May 20, 2021, the First Department issued a decision in Sky Coverage Inc. v. Alwex Inc., 2021 NY Slip Op. 03271, holding that a plaintiff was not entitled to rescission when it had an adequate remedy at law, explaining: Although the motion court properly denied plaintiffs’ motion for summary judgment on plaintiffs’ rescission claim,... Read more »