Assertion (A): Tort law prohibits taking away of tangible property deliberately, which amounts to the tort of 'conversion'.
Reasoning (R): The economic interests are not protected by the law of tort.

A is correct but R is false.

Tort law prohibits taking away of tangible property deliberately, which amounts to the tort of 'conversion'. To a lesser extent, the economic interests are also protected by the law of tort. Injury caused by both intentional as well as negligence can cause economic harm to the claimant.