what is business related issue in it?
Tortious interference with trade, fraud, injurious falsehood, and negligent misrepresentation.
Tort
Business torts (i.e., economic torts) typically involve commercial transactions, and include tortious interference with trade or contract, fraud, injurious falsehood, and negligent misrepresentation. 
what is palsgraf v. long island railroad co.? Leading case in American tort law. what does that law mean? Addresses torts in United States law. what is torts? A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. where did it get its name from? A distinctive body of law arose in the common law word traced to English tort law. what kind of reforms are done in it? Some calls for reform stress the difficulties encountered by potential claimants.
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Tort [SEP] Business torts
Business torts (i.e., economic torts) typically involve commercial transactions, and include tortious interference with trade or contract, fraud, injurious falsehood, and negligent misrepresentation. Negligent misrepresentation torts are distinct from contractual cases involving misrepresentation in that there is no privity of contract; these torts are likely to involve pure economic loss which has been less-commonly recoverable in tort. One criterion for determining whether economic loss is recoverable is the "foreseeability" doctrine. The economic loss rule is highly confusing and inconsistently applied and began in 1965 from a California case involving strict liability for product defects; in 1986, the U.S. Supreme Court adopted the doctrine in "East River S.S.