assumpsit

noun as·sump·sit \ ə-ˈsəm(p)-sət \

Definition of assumpsit

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

Origin and Etymology of assumpsit

New Latin, he undertook, from Latin assumere to undertake


Law Dictionary

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.

Origin and Etymology of assumpsit

Medieval Latin, he/she undertook


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