About The Word Assumpsit
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Assumpsit
| Assumpsit Definition And Meaning |
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What's The Definition Of Assumpsit?Synonyms | Synonyms for Assumpsit: Related Terms | Find terms related to Assumpsit: See Also | Assumpsit In Webster's Dictionary \As*sump"sit\ (?; 215), n. [L., he undertook, pret. of
L. assumere. See {Assume}.] (Law)
(a) A promise or undertaking, founded on a consideration.
This promise may be oral or in writing not under seal. It
may be express or implied.
(b) An action to recover damages for a breach or
nonperformance of a contract or promise, express or
implied, oral or in writing not under seal. Common or
indebitatus assumpsit is brought for the most part on an
implied promise. Special assumpsit is founded on an
express promise or undertaking. --Wharton.
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