On order of the Court, the application for leave to appeal the July 24, 2007 judgment of the Court of Appeals is considered,[*545] and it is GRANTED. The parties shall address: (1) whether there is an exception to the economic loss doctrine— which provides that parties to a purely commercial dispute are limited to the remedies of the Uniform Commercial Code, MCL 440.1101 et seq.; see Neibarger v. Universal Cooperatives, Inc., 439 Mich. 512, 520, 528, 486 N.W.2d 612 (1992) — for claims of fraud in the inducement, see Huron Tool & Engineering Co. v. Precision Consulting Services, 209 Mich.App. 365, 532 N.W.2d 541 (1995); and if so, (2) whether the fraud claims in this case are sufficiently distinguishable from the contract claims for purposes of applying the fraudulent inducement exception.