Commercial Tort Claim – business-related claim arising in tort pertaining, typically relating to fraud and conversion, etc.

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:

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[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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