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FRAUD PERMITTING REFORMATION OR RESCISSION A contract may be rescinded where:

material facts; were misrepresented; and those misrepresentations were the inducement to the contract.

See Jones v. Title Guarantee & Trust Co., 277 N.Y. 415, 419, 14 N.E.2d 459 (N.Y. 1938) [13]. Statute of Limitations Contractual claims are governed by a six year statute of limitations. See New York Civil Practice Law and Rules 213(2).

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