ECONOMIC TORTS: AN OBSCURE BRANCH OF LAW OF TORTS

AUTHOR – RICHA MISHRA, STUDENT AT NARSEE MONJEE INSTITUTE OF MANAGEMENT AND SCIENCES, SCHOOL OF LAW, INDORE

Best Citation – RICHA MISHRA, ECONOMIC TORTS: AN OBSCURE BRANCH OF LAW OF TORTS, ILE JOURNAL OF TORT LAW STUDIES (ILE JTLS), 1 (1) of 2023, Pg. 10-14, APIS – 3920 – 0030 | ISBN – 978-81-961791-1-3.

ABSTRACT

The growth of economic torts has been guided by issues of unfair competition and need to frame a system of acceptable behaviour in the marketplace. In common law there wasn’t any general torts that deals with unfair competition, it’s the economic tort that represented the method to attack excessive competition either through diversion of custom or attacking the commercial link. Most of the analyst focus on the torts of passing off to assess the potential for the growth of tort of unfair competition.  But, till now Economic torts are untouched and unexperimented area of law of torts and it existed with so many loopholes, without any Judicial Precedent or any designed legal framework for easy understanding. There is no demarcation between economic torts and other torts, any civil wrong may go against the economic interest of individual, hence a proper framework is needed. In this article some case laws, related directly or indirectly, are scrutinized to have proper understanding, also it has been linked with Negligence to have more clarity. KEYWORDS – Economic torts, unfair Competition, Negligence, Proper framework.