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Diasonics and Davis had a contract for medical equipment, but Davis breached by not taking delivery or paying the balance due. Davis sued for restitution of the down payment, and Diasonics counterclaimed for lost profits as a "lost volume seller." The district court granted summary judgment to Davis and dismissed Diasonics' third-party complaint. The court analyzed whether a lost volume seller can recover lost profits under the Uniform Commercial Code (UCC). R.E. Davis Chemical Corp. v. Diasonics, Inc. (1987) United States Court of Appeals for the Seventh Circuit 826 F.2d 678 Learn more about this case at https://www.lsd.law/briefs/view/r-e-d... --- Law School Data has over 50,000 case briefs and a one-of-a-kind brief tool to instantly brief millions of US cases with just the name or case cite. Check out all of our case briefs: https://www.lsd.law/briefs Briefs come with built in LSDefine and DeepDive, which allow you to read as quickly or as deeply as you want. Each brief has a built in legal dictionary and recursive summaries that go into more and more detail, until you eventually hit the original case text. Subscribe for new videos every week: https://www.youtube.com/@LSData?sub_c...