16:22
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Simple English definitions for legal terms
assumpsit
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A quick definition of assumpsit:
Assumpsit: A promise made by one person to do something or pay something to another person, either through an express or implied agreement. If this promise is broken, the person who made the promise can be sued in court for damages. There are different types of assumpsit, including general assumpsit (based on an implied promise to pay a debt) and special assumpsit (based on a breach of an express contract). Indebitatus assumpsit is a historical form of action used to enforce an oral debt, but it has been abolished in some countries.
A more thorough explanation:
Definition: Assumpsit is a legal term that refers to an express or implied promise, not under seal, by which one person undertakes to do some act or pay something to another. It is also a common-law action for breach of such a promise or for breach of a contract.
- An example of an assumpsit is when a person promises to pay a debt to another person.
- Another example is when a person promises to do a certain act for another person.
- If the person who made the promise fails to fulfill it, the other person can bring an assumpsit action against them.
These examples illustrate how assumpsit is used in legal situations where one person makes a promise to another person and fails to fulfill it. The person who made the promise can be held legally responsible for their breach of contract or promise.