- Rethinking Law series
Chapter 4: The lost-volume-seller problem and why Michael Jordan wasn’t one
AbstractAfter WorldCom went bankrupt it rejected Michael Jordan’s endorsement contract. The bankruptcy court rejected Jordan’s claim that he was a “lost volume seller” and also held that he had failed to mitigate damages. This chapter argues that the lost volume claim was properly rejected but that the court misapplied the mitigation doctrine.
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