Source: http://www.scribd.com/doc/216786075/Black-Letter-Rules-ALI-Restatement-of-the-Law-Economic-Loss-Council-Draft-1-1-and-Preliminary-draft-2
Timestamp: 2014-08-29 15:02:58
Document Index: 203768827

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 5', '§ 6']

ALI Restatement of the Law Economic Loss - Council Draft 1.1 and Preliminary.draft.2
P. 1Black Letter Rules
ALI Restatement of the Law Economic Loss - Council Draft 1.1 and Preliminary.draft.2Black Letter Rules
ALI Restatement of the Law Economic Loss - Council Draft 1.1 and Preliminary.draft.2Ratings: (0)|Views: 10
|Likes: 0Published by George ConkBlack letter rules 1 - 13Preliminary draft 2 and Council draft 1.1 of the draft Restatement of the Law - Economic LossThese rules have not been adopted by the ALI and are the subject of continuing discussion.(c) American Law Institute 2012This is a non-commercial fair use of the materialProf. George W. ConkFordham UniversitySchool of LawApril 2014Black letter rules 1 - 13Preliminary draft 2 and Council draft 1.1 of the draft Restatement of the Law - Economic LossThese rules have not been adopted by the ALI and are the subject of continuing discussion.(c) American Law Institute 2012This is a non-commercial fair use of the materialProf. George W. ConkFordham UniversitySchool of LawApril 2014More info:Published by: George Conk on Apr 07, 2014Copyright:Traditional Copyright: All rights reservedAvailability:Read on Scribd mobile: iPhone, iPad and Android.download as PDF, TXT or read online from ScribdFlag for inappropriate content|Add to collectionSee moreSee lesshttp://www.scribd.com/doc/216786075/Black-Letter-Rules-ALI-Restatement-of-the-Law-Economic-Loss-Council-Draft-1-1-and-Preliminary-draft-205/28/2014pdftextoriginal AP
IX BL CK LETTER OF COUNCIL DR FT N
O. 1.1 § 1. Liability for the unintentional infliction of economic loss: general orincinles § 2. (a} An actor has no general duty to avoid the unintentional infliction of economic loss on another. (b} Duties to avoid the unintentional infliction of economic loss are recognized in the circumstances set forth in §§ X-Y. Economic loss defined For purposes of this Restatement
, is pecuniary damage not arising from plaintiff
s person or from physical plaintiff's property. economic loss injury to the harm to the § 3. Preclusion of tort liability by contract (economic loss rule) Except as provided elsewhere in this Restatement, there is no liability in tort for economic loss caused by neg
igence in the performance or negotiation of a contract between the parties
. 91 To
ts: Li
lity fo
omic Harm Co
cil Draft No. 1.
1 § 4. Professional negligence resulting in economic loss professional is subject to liability in t
ort for economic loss caused by the negligent performance of n undertaking to serve a client. § 5. Negligent misrepresentation 1) One who, in the cou
e of his business, profession or employment, or in any transaction in which he has a pecuniary interest, supplies false information for the guidance of others, is subject to liability for pecuniary loss caused to them by their reliance upon the information, if he fa
s to use reasonable care in obtaining or communicating it 2) Except liability stated suffered as stated in Subsection (3), the in Subsection {l) is limited to loss a) by the person or one of a limited group of persons for whose guidance the actor intend
s to supply the information, or for whose guidance he knows the recipient intends to supply it; reliance that the knows or n {b) through transaction or that he influence
, transaction. upon the information in a actor intends to influence, the recipient intends to a substantially similar 3) The liability of one who is under a public duty to supply the information extends to loss suffered by any of the class of pers
ons for whose benefit the duty is created, in any of the transactions in which it is intended to protect them. {4) A plaintiff s recovery under this Section is subject to the same principles of comparative fault that apply to other claims of negligence. 5) This Section does not recognize liability for 92 Torts: Liability for Econo
ic Harm Council Draft No. 1.1 negligent misrepresentations negotiating or performing parties. made in the course a contract between § 6. Negligent performance of services of the 1) One who, in the course of his business, profession or employment, or in any other transaction in which he has a pecuniary interest, performs a service for the benefit of others, is subject to liability for pecuniary loss caused to them by their reliance upon the service, if he fails to exercise reasonable care in performing it 2) The liability stated in Subsection 1) is limited to loss suffered a) by the person or one of a limited group of persons for whose benefit the defendant performs the service and b) through reliance upon it in a transaction that the defendant intends to influence
3) A plaintiff s recovery under this subject to the same rules of comparative apply to other claims of negligence. 93 Section is fault that Activity (1)FiltersAdd to collectionReview Add NoteLikeShowingAllMost RecentLikesYou've already reviewed this. Edit your review.Rating 0/5Post notePost reviewPost replyPost note and like1 hundred readsLoad more
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