What is defined as a wrongful act for which an injured party can sue, excluding breach of contract?

The correct choice is tort. A tort is defined as a civil wrong that causes harm or loss to another party, and it allows that injured party to seek compensation through legal action. This definition encompasses a wide range of wrongful acts that do not involve the violation of a contractual agreement, distinguishing it clearly from breaches of contract.

In tort law, various forms of wrongs are recognized, including intentional torts (such as assault) and unintentional torts (such as negligence). This broad classification enables individuals to pursue claims in scenarios where they have suffered harm due to another's actions or omissions, thereby providing a pathway for justice and remedy outside of contractual disputes.

Understanding tort law is essential for business professionals, as it informs them of the potential liabilities their companies might face and highlights the importance of adhering to standards of care and ethical conduct in their operations.