The Third Restatement of Torts: Liability for Economic Harm provides that a false statement of opinion results in liability only if (1) the parties are in a fiduciary or confidential relationship or (2) the perpetrator of the fraud holds himself out as having expertise or other knowledge not accessible to the defrauded party.

Question

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The Third Restatement of Torts does indeed specify these conditions under which a false statement of opinion can result in liability, recognizing the nuances in how trust and expertise influence the reliance on such statements.

The Third Restatement of Torts: Liability for Economic Harm Provides