Pope v. Professional Funding Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• lender may not recover both outstanding balance on loan and loan proceeds allegedly converted by debtor
• president admitted he, another officer and shareholder transferred funds among their businesses without regard to corporate formalities
• “The election-of-remedies doctrine—‘the legal version of the idea that a plaintiff may not have his cake and eat it too’—works to prevent double recovery.” (citation omitted)
• “Although [the lender] could maintain its action both on breach of contract and conversion theories, it could not obtain a double recovery and was required to elect its remedy.”

Source: CourtListener parenthetical corpus (CC0).