Assumption Of Risk Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Assumption Of Risk, written in plain English, along with examples of how it is used.

What is Assumption Of Risk?

(n) Assumption Of Risk is the notional acceptance of the hazard or danger associated with an activity by accepting, following or otherwise doing or attempting to do such activities. Eg.1.Participating is ski diving excercises.2. Snake charming 3.Trading in futures.