Rescission.

Practice point: If defendant was fraudulently induced, it is entitled to rescind the contract.

Student note: The effect of rescission is to declare the contract void from its inception, and to put or restore the parties to status quo 

Case: Cusack v. American Defense Sys., Inc., NY Slip Op 06015 (2d Dept. 2011).

Here is the decision.

Listen here.

Tomorrow's issue: Labor Law.