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Noun: assumpsit  u'súm(p)-sit
  1. A promise or undertaking, founded on a consideration. This promise may be oral or in writing not under seal. It may be express or implied
     
  2. An action to recover damages for a breach or nonperformance of a contract or promise, express or implied, oral or in writing not under seal

Derived forms: assumpsits

Encyclopedia: Assumpsit