RESTATEMENT TORTS 3D-LIABILITY FOR ECONOMIC HARM

Torts: Liability for Economic Harm deals with four principal areas of tort law:

• Unintentional infliction of economic loss
• Liability for fraud
• Interference with economic interests
• Misuse of legal procedure

An actor ordinarily has a duty of care when engaged in any activity that creates a risk of physical harm to others. Duties to avoid the negligent infliction of economic loss are notably narrower. They do not arise merely because an act creates a risk of economic loss to another; they require a more specific rationale.

This publication describes the principal duties that have been recognized and rules of limitation that accompany them.