The following excerpt is from Corrigan v. Bobbs-Merrill Co., 126 N.E. 260, 228 N.Y. 58 (N.Y. 1920):
To bring about this result two things must concur, viz., the possession by the agent of pertinent information and his personal participation in respect thereto on behalf [228 N.Y. 70]of his corporation. Willard v. Denise, 50 N. J. Eq. 482, 484, 26 Atl. 29, 30 (36 Am. St. Rep. 788).
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