commercial tort claim:
(1994)
1. A claim arising in tort when the claimant is either
(1) an organization, or
(2) an individual whose claim arise in the course of the claimant’s business or profession,
and the claim does not include damages arising out of personal injury or death. UCC § 9-102(a)(13). * Typical commercial tort claims are fraud and conversion. [1]
References:
Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
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