Assumption of Risk

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Assumption of Risk

1. In law, an agreement by which one party takes on the risk of another party, often for some compensation.

2. In torts, a defense in a lawsuit in which the defendant argues that the plaintiff took a risky action after having been informed of risks in such a way that a reasonable person would understand such risks. This limits the defendant's liability in the lawsuit. However, some states limit the use of the assumption of risk defense.
References in periodicals archive ?
Insurers and brokers should, just by the sheer size of their databases, have a far greater knowledge of risk and various outcomes than an individual client.
Knowledge of risk factors & early detection methods and practices towards breast cancer among nurses in Indira Gandhi medical college, Shimla, Himachal Pradesh, India.
Because the knowledge of risk of hazards from contamination could reduce sale prices and demand per the Plaintiffs' appraiser, the court found that the relative risk of hazards to human health was admissible for a jury to consider.
He added that knowledge of risk management and data analytics are "critical tools" for the success of internal audit.
In terms of knowledge of risk factors, 46% of the population knew poor genital hygiene, 24% knew active sexual life, 72% knew that early marriage, and 76% knew that multiple pregnancies predisposed to cervical cancer.
Cardiovascular disease burden: evolving knowledge of risk factors in myocardial infarction and stroke through population-based research and perspectives in global prevention.
WASHINGTON -- Twenty health care provider organizations have established a new coalition, Patients Alliance for Drug Safety Protections, to advance the knowledge of Risk Evaluation and Mitigation Strategies (REMS) as a tool for improving public health and patient safety.
Knowledge of risk factors, beliefs and practices of female healthcare professionals towards breast cancer, Morocco.
Solid grounding and operational knowledge of risk management principles and the ability to tease apart a process, identify the specific risks based on intimate process knowledge, and develop innovative, efficient, and effective controls appropriate to the specific study protocol.
He has a proven track record of growing businesses in Europe, South East Asia and the Middle East supported by an in-depth knowledge of risk management from a financial, operational, and insurance /reinsurance perspectives.
We found that while awareness of campaigns was positively correlated with knowledge of symptoms and diagnostic methods, it was not related to accurate knowledge of risk factors.
Ms Park has extensive knowledge of risk governance and risk management frameworks and was, until June 2013, group chief risk officer for Phoenix Group, the UK's largest specialist closed life and pension fund consolidator.
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