Question

Value Ventures, Inc., contracts to buy Umbrage Corporation's assets. Umbrage breaches the contract. Value files a suit against the corporation, seeking various remedies. The doctrine of election of remedies has been eliminated in contracts involving sales of ______.

A. goods.B. intellectual property.C. real property.D. services.

Answer 1

Answer:

A. goods

Explanation:

In business law when there is a contract involving sales of goods the doctrine of election is eliminated.

This doctrine in other types of contracts would have allowed Value ventures to choose how the lawsuit against Umbrage will be remedied in court. However since this doctrine is eliminated only the court would decide the best remedy.