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50 U. Miami L. Rev. 779 (1995-1996)
The Lost Volume Seller and Lost Profits under U.C.C. 2-708(2): A Conceptual and Linguistic Critique

handle is hein.journals/umialr50 and id is 789 raw text is: The Lost Volume Seller and Lost Profits Under U.C.C. § 2-708(2): A Conceptual and Linguistic Critique JOHN M. BREEN* I. INTRODUCTION ......................................................... 780 II. THE LOST VOLUME SELLER THESIS IN DETAIL ............................... 792 A. The Lost Volume Seller Defined ...................................... 793 B. The Unavailability or Inadequacy of Other Code Remedies ............... 796 1. ACTION FOR THE PRICE .............................................. 796 2. DIFFERENCE MONEY DAMAGES ..................................... 798 3. LOST PROFIT DAMAGES ........................................... 800 C. Avoiding the Due Allowance and Due Credit Language .............. 804 1. IGNORING THE STATUTORY TEXT ................................... 806 2. USING CODE-DRAFTING HISTORY TO LIMIT APPLICATION OF THE STATUTORY TE XT .......................................................... 806 a. An Overview of the Code-Drafting Process ...................... 807 b. Supplement No. 1 and the Limited Application of the Due Allowance and Due Credit Language ......................... 812 c. Components Sellers and Jobber Sellers ................. ... 814 i. Applying the Entire Damage Formula ......................... 816 II. CONCEPTUAL CRITIQUE OF THE LOST VOLUME SELLER ........................ 818 A. The Counter-Hypothetical ........................................... 818 1. THE DUTY TO MITIGATE AND THE IMPOSSIBILITY OF MITIGATION ......... 819 2. THE ESSENCE OF THE LOST VOLUME SELLER'S CLAIM ................... 822 a. Neither Restitution nor Reliance Damages ........................ 822 b. The Lost Volume Seller's Unprotected and Unprotectable Expectation Interest ......................................... 823 3. THE PROFIT REMEDY OVERCOMPENSATES VOLUME SELLERS .............. 827 4. THE INTERPRETIVE IMPLICATIONS OF THE CONCEPTUAL CRITIQUE ......... 830 B. Three Criticisms of the Counter-Hypothetical and Three Replies ........... 831 I. RECOVERING THE COST OF RESELLING AS INCIDENTAL DAMAGES ......... 833 2. MATTER OF RIGHT VS. MATTER OF PROOF ............................ 835 * Assistant Professor, Loyola University of Chicago School of Law; B.A., University of Notre Dame, 1985; J.D., Harvard University, 1988. I prepared this article while I was Visiting Associate Professor at the Detroit College of Law at Michigan State University. I wish to thank my colleagues there for their support, especially Susan H. Bitensky and Robert A. McCormick. I also wish to thank Lory A. Barsdate, Mark B. Blocker, Liam C. Brennan, Linton J. Childs, John M. Czarnetsky, Robert E. Easton, David B. Johnson, Robert R. Kimball, Andrew R. Klein, Vincent D. Rougeau, and Andrew C. Spiropoulos for reviewing prior drafts of this article. I also greatly appreciate Krystal D. Wills for her hard work and dedication in preparing the manuscript and Thomas L. Kent for his very able research assistance. All errors that remain are of course mine. I also wish to thank Richard H. Fallon, Jr., Mary Ann Glendon, Michael Crowe, and Walter Nicgorski for encouraging my interest in scholarship and teaching, and Boyce F. Martin, Jr., Thomas A. Morsch, and James A. Hardgrove for teaching me to muddle through the details and see the big picture at the same time. Most of all I wish to thank Susan Nelligan Breen, whose guidance, encouragement, and patience enabled me to complete this project. This article is dedicated in loving memory to Professor Stephen J. Rogers.

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