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assumpsit

 - 3 dictionary results

as⋅sump⋅sit

  [uh-suhmp-sit]
Use assumpsit in a Sentence
–noun Law.
1. a legal action for a breach of contract or promise not under seal.
2. an actionable promise.
Origin:
1605–15; < L: he has taken upon himself, he has undertaken
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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as·sump·sit   (ə-sŭmp'sĭt)   
n.  

  1. An agreement or promise made orally or in writing not under seal; a contract.

  2. A legal action to enforce or recover damages for a breach of such an agreement.


[New Latin assūmpsit, from third person sing. perfect tense of Latin assūmere, to undertake; see assume.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: as·sump·sit
Pronunciation: &-'s&mp-sit
Function: noun
Etymology: Medieval Latin, he/she undertook
: an express or implied promise or contract or quasi contract the breach of which may be grounds for a suit; also : a common-law action that may be brought for such a breach —compare COVENANT, DEBT
NOTE: The action of assumpsit developed in early English law and is still available in the U.S. in some jurisdictions.
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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