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 ?

the assumption of risk defense is generally not available in boat racing

Assumption of the risk in boat racing: a study in maritime jurisprudence

In regard to an assumption of risk defense, which of the following is true?

Assumption of risk

But in other situations, an assumption of risk defense may be used successfully.

Assumption of risk

Based upon the evidence the trial court properly instructed the jury on the doctrine of implied assumption of risk.

Worker assumed risk of injury; knew of defect

This absolutely challenges the fundamental assumption of risk assessment that once you start increasing dose you always see an increase in response," says vom Saal.

Bisphenol A and the brain

This market refers to alternative risk-financing products, which--unlike traditional insurance policies--involve some assumption of risk by the insured.

Selling in a Tight Market

Managed competition's emphasis on provider incentives to manage health care utilization of populations draws attention to an unresolved issue in managed care regulation concerning appropriate limits to the assumption of risk by entities other than licensed insurers.