In the Matter of Unishops, Inc., Debtor. Jerome Zelin, Claimant-Appellant v. Unishops, Inc., Debtor-Appellee

How courts have described this case

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

• disapproving district court conclusion that because there had been no court approval of the agreement, it had been rejected, stating “[a] debtor in possession under Chapter XI may disaffirm or reject an executory agreement only in accordance with the statutory procedures.”
• “It is settled law that a claim arising under an executory contract is entitled to priority if the trustee or debtor in possession elects to assume the contract or if he receives benefits wnder it.”
• “It is settled law that a claim arising under an executory contract is entitled to priority if the trustee or debtor in possession elects to assume the contract or if he receives benefits under it.”

Source: CourtListener parenthetical corpus (CC0).