ASSUMPSIT


Meaning of ASSUMPSIT in English

transcription, транскрипция: [ ə-ˈsəm(p)-sət ]

noun

Etymology: New Latin, he undertook, from Latin assumere to undertake

Date: 1590

1. : an express or implied promise or contract not under seal on which an action may be brought

2.

a. : a former common-law action brought to recover damages alleged from the breach of an assumpsit

b. : an action to recover damages for breach of a contract

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.