assumpsit

noun

as·sump·sit | \ ə-ˈsəm(p)-sət

How to pronounce assumpsit (audio)

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Definition of assumpsit

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

2a : 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

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More Definitions for assumpsit

assumpsit

noun

as·sump·sit | \ ə-ˈsəmp-sit

\

Legal Definition of assumpsit

: 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.

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