What does ASSUMPSIT mean?

ASSUMPSIT meaning in General Dictionary

a guarantee or carrying out launched on a consideration This guarantee are oral or in writing maybe not under seal It may be present or suggested

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  • A promise or undertaking, established on an option. This vow might be oral or in composing not under seal. It might be present or suggested.
  • An action to recover damages for a breach or nonperformance of a contract or guarantee, express or implied, oral or in writing not under seal. Typical or indebitatus assumpsit is brought for the absolute most component on a suggested guarantee. Unique assumpsit is started on an show vow or task.

ASSUMPSIT meaning in Law Dictionary

Lat He undertook; he guaranteed. A promise or engagement where one person assumes or undertakes to complete some work or pay some thing to a different. It might be either dental or in writing, but is not under seal. It's express in the event that promisor leaves his wedding in distinct and definite language; it is implied in which the legislation infers a promise (though no formal you have passed) through the conduct associated with party or perhaps the circumstances of this situation. Used. A type of action which lies when it comes to recovery of problems the non-performance of a parol or simple agreement; or a contract which neither of record nor under seal. 7 Term, 351; Ballard v. Walker, 3 Johns. Cas. (N. Y.) 60. The normal unit of this action is into (1) common or indebitatus assumpsit, brought generally speaking on an implied promise; and (2) special assumpsit, established on an express vow. Steph. PI. 11, 13. The activity of assumpsit differs from trespass and trover, that are established on a tort, maybe not upon a contract; from covenant and financial obligation, which are proper in which the floor of recovery is a sealed instrument, or unique responsibility to pay for a fixed amount; and from replevin, which seeks the data recovery of certain residential property, if attainable, versus of problems.


ASSUMPSIT meaning in General Dictionary

(letter.) A promise or undertaking, started on an option. This promise might oral or in composing maybe not under seal. It could be express or suggested.

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  • (letter.) An action to recuperate problems for a breach or nonperformance of a contract or vow, express or implied, oral or in composing maybe not under seal. Typical or indebitatus assumpsit is brought generally speaking on an implied promise. Special assumpsit is established on an express promise or undertaking.