Also known as:risks · risked · risking · hazard · peril
Written by attorneys · grounded in primary & secondary sources — see below
The possibility of harm, loss, or adverse consequence arising from conduct, circumstances, or an event.
Sources & Authorities· 35 primary sources
Select any source to read its text and confirm it supports the definition.
Cases
Federal Rules
Uniform Acts
Model Codes
Common Law
Restatements
How it applies
Common Examples
6
Threat Creates Immediate Risk in Robbery
Roger Ramirez approaches Rina Rahman on a dark street and demands her purse while brandishing a knife and stating he will stab her if she resists. The threat places Rina in immediate danger of serious injury, satisfying the requirement that intimidation involve a substantial risk of death or bodily harm. Because the force element is met through this risk, the taking qualifies as robbery rather than mere theft.
Risk of Loss Passes at Contract Formation
Roberto Reyes signs a binding contract to purchase a warehouse from Ruby Rivera. Before closing a fire destroys the building. Under equitable conversion the risk of loss shifted to Roberto at signing, so he remains obligated to pay the full purchase price even though the property no longer exists.
Absent Party Creates Risk of Inconsistent Obligations
Ronald Reed sues Regal Apparel for breach of a supply contract. A subcontractor not joined in the suit holds an interest that could subject Regal Apparel to separate judgments imposing conflicting duties. The court therefore orders joinder to eliminate the substantial risk of multiple or inconsistent obligations.
Conscious Disregard of Risk Constitutes Recklessness
Robert Rivera drives his truck at high speed through a crowded school zone while texting, consciously aware that the conduct creates a substantial and unjustifiable risk of striking a child. The gross deviation from the standard a law-abiding person would observe establishes the mental state of recklessness for any resulting offense.
Diminished Capacity Prompts Protective Action
Radiance Media's elderly client, unable to manage finances, faces imminent loss of her home through foreclosure. The lawyer reasonably believes the client cannot protect her own interests and therefore consults adult children and petitions for appointment of a conservator to prevent substantial financial harm.
Mutual Mistake Allows Avoidance Unless Risk Borne
Riverside Healthcare contracts to buy a medical building from Rocky Mountain Mining believing both parties assume the structure meets seismic standards. Discovery after signing reveals the building fails those standards, materially altering the exchange. The adversely affected party may void the contract unless it bears the risk of the mistake under the governing allocation rule.
Common questions
Frequently Asked
6
When does a threat create the required risk for common-law robbery?+
The threat must involve an immediate risk of death or serious physical injury to the victim or a person in the victim's presence. Threats limited to property damage do not qualify unless the threat is to destroy the victim's dwelling.
Supporting sources
Who bears the risk of loss after a land-sale contract is signed?+
Under the majority rule of equitable conversion the risk passes to the buyer at contract formation. The buyer must still pay the full price even if the property is destroyed before closing.
What risk triggers required joinder under Rule 19?+
A person must be joined when disposing of the action in that person's absence would leave an existing party subject to a substantial risk of incurring double, multiple, or otherwise inconsistent obligations.
Supporting sources
How is risk defined for recklessness under the Model Penal Code?+
A person acts recklessly by consciously disregarding a substantial and unjustifiable risk that a material element exists or will result from conduct. The disregard must constitute a gross deviation from the standard a law-abiding person would observe.
Supporting sources
When may a lawyer take protective action because a client faces risk?+
When the lawyer reasonably believes the client has diminished capacity, faces a risk of substantial physical, financial, or other harm, and cannot adequately act in the client's own interest, the lawyer may consult others or seek appointment of a guardian.
Supporting sources
When does a mutual mistake allow a party to avoid a contract?+
A contract is voidable by the adversely affected party when both parties were mistaken about a basic assumption that has a material effect on the exchange, unless that party bears the risk of the mistake.
Supporting sources
hazard
ous to discourage thought,…
-taking which induce[d society] to shift the cost to a pa[rt]icular individual.” Sax, Takings and the Police Power, 74 Yale L. J. 36, 50 (1964). These cases are better understood as resting…
that notice might not actually reach every beneficiary are justifiable. "Now and then an extraordinary case may turn up, but constitutional law like other mortal contrivances has to take…
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